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  <bill>
    <number>6289</number>
    <updateDate>2018-11-08T23:34:15Z</updateDate>
    <updateDateIncludingText>2018-11-08T23:34:15Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2008-06-18</introducedDate>
    <congress>110</congress>
    <committees>
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        <systemCode>hswm00</systemCode>
        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2008-06-18T13:30:35Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2008-06-18</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <name>Ways and Means Committee</name>
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        <actionDate>2008-06-18</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2008-06-18</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>C001062</bioguideId>
        <fullName>Rep. Conaway, K. Michael [R-TX-11]</fullName>
        <firstName>K.</firstName>
        <lastName>Conaway</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>Michael</middleName>
        <district>11</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Agriculture and Food</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Economics and Public Finance</name>
        </item>
        <item>
          <name>Estate tax</name>
        </item>
        <item>
          <name>Family farms</name>
        </item>
        <item>
          <name>Farm lands</name>
        </item>
        <item>
          <name>Indexing (Economic policy)</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
        <item>
          <name>Valuation</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-06-18</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-07-22T18:32:55Z</updateDate>
        <text><![CDATA[ <p>Save Family-Owned Farms and Small Businesses Act of 2008 - 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 2008 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 2009.</p>]]></text>
      </summary>
    </summaries>
    <title>Save Family-Owned Farms and Small Businesses Act of 2008</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Save Family-Owned Farms and Small Businesses Act of 2008</title>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>Save Family-Owned Farms and Small Businesses Act of 2008</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to increase the maximum reduction in estate tax value for farmland and other special use property, to restore and increase the estate tax deduction for family-owned business interests, and for other purposes.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2008-06-18T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-110hr6289ih/xml/BILLS-110hr6289ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2008-06-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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