US HB5259 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 7-3)
Status: Introduced on November 22 2019 - 25% progression, died in committee
Action: 2019-11-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 22 2019 - 25% progression, died in committee
Action: 2019-11-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to increase to $11.4 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2019.
Title
Preserving Family Farms Act of 2019
Sponsors
Rep. Jimmy Panetta [D-CA] | Rep. Jackie Walorski [R-IN] | Rep. Darren Soto [D-FL] | Rep. Henry Cuellar [D-TX] |
Rep. Jody Arrington [R-TX] | Rep. Vicky Hartzler [R-MO] | Rep. Greg Gianforte [R-MT] | Rep. Scott Tipton [R-CO] |
Rep. Lance Gooden [R-TX] | Rep. Paul Mitchell [R-MI] |
History
Date | Chamber | Action |
---|---|---|
2019-11-22 | House | Referred to the House Committee on Ways and Means. |
2019-11-22 | House | Introduced in House |
Same As/Similar To
HB4857 (Related) 2019-10-24 - Referred to the House Committee on Ways and Means.
SB309 (Related) 2019-01-31 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S807-809)
SB309 (Related) 2019-01-31 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S807-809)
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/5259/all-info |
Text | https://www.congress.gov/116/bills/hr5259/BILLS-116hr5259ih.pdf |