To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes.

3.0.0 4208 2023-01-11T13:16:59Z 2023-01-11T13:16:59Z House H HR 2009-12-03 111 hswm00 Ways and Means Committee House Standing Referred to 2009-12-03T15:03:43Z 2009-12-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-12-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-12-03 Introduced in House IntroReferral 1000 9 Library of Congress P000600 Rep. Perriello, Thomas S.P. [D-VA-5] Thomas Perriello D VA S.P. 5 N Taxation Farmland General business and commerce matters Inflation and prices Transfer and inheritance taxes Taxation

00 2009-12-03 Introduced in House 2009-12-31T21:27:14Z Amends the Internal Revenue Code to: (1) increase to $3.5 million the limitation on the reduction in the fair market value of real property used for farming or in another trade or business for estate tax purposes; and (2) allow an annual inflation adjustment to the limitation amount after 2010.

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To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes. Display Title To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes. Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes. Introduced in House IH Introduced in House 2009-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4208ih/xml/BILLS-111hr4208ih.xml 2009-12-03 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.