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    <updateDate>2019-11-15T21:52:16Z</updateDate>
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    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2012-03-20</introducedDate>
    <congress>112</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2012-03-20T18:29:47Z</date>
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      <item>
        <title>To amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.</title>
        <congress>112</congress>
        <number>5982</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2012-06-20</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Finance Committee</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2012-03-20</actionDate>
        <text>Introduced in Senate</text>
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        <actionCode>10000</actionCode>
        <sourceSystem>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>B001135</bioguideId>
        <fullName>Sen. Burr, Richard [R-NC]</fullName>
        <firstName>Richard</firstName>
        <lastName>Burr</lastName>
        <party>R</party>
        <state>NC</state>
        <middleName>Mauze</middleName>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001049</bioguideId>
        <fullName>Sen. Hagan, Kay R. [D-NC]</fullName>
        <firstName>Kay</firstName>
        <lastName>Hagan</lastName>
        <party>D</party>
        <state>NC</state>
        <middleName>R.</middleName>
        <sponsorshipDate>2012-03-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000437</bioguideId>
        <fullName>Sen. Wicker, Roger F. [R-MS]</fullName>
        <firstName>Roger</firstName>
        <lastName>Wicker</lastName>
        <party>R</party>
        <state>MS</state>
        <middleName>F.</middleName>
        <sponsorshipDate>2012-03-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000567</bioguideId>
        <fullName>Sen. Cochran, Thad [R-MS]</fullName>
        <firstName>Thad</firstName>
        <lastName>Cochran</lastName>
        <party>R</party>
        <state>MS</state>
        <sponsorshipDate>2012-03-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
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        <item>
          <name>Historic sites and heritage areas</name>
        </item>
        <item>
          <name>Transfer and inheritance taxes</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2012-03-20</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2012-04-19T15:05:32Z</updateDate>
        <text><![CDATA[ <p>Amends the Internal Revenue Code to allow decedent estates to base the value of qualified historic property on the net earnings of such property for estate and gift tax purposes. Defines "qualified historic property" as any building designated as a national historic landmark for at least 25 years prior to the death of a decedent and originally used for residential or farming purposes.</p>]]></text>
      </summary>
    </summaries>
    <title>A bill to amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.</title>
      </item>
    </titles>
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        <type>Introduced in Senate</type>
        <date>2012-03-20T04:00:00Z</date>
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    <latestAction>
      <actionDate>2012-03-20</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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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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