US HB96 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Save Family-Owned Farms and Small Businesses Act of 2009 - Amends the Internal Revenue Code to: (1) increase to $1.85 million the maximum reduction amount for alternative valuations of farmland and other business property for estate tax purposes; and (2) restore after 2009 the estate tax deduction for family-owned business interests and increase such deduction to $2 million. Allows annual inflation adjustments to such increased amounts after 2010.
Title
Save Family-Owned Farms and Small Businesses Act of 2009
Sponsors
| Rep. Michael Conaway [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-06 | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/96/all-info |
| Text | https://www.congress.gov/111/bills/hr96/BILLS-111hr96ih.pdf |
