3.0.0 5259 2022-10-28T01:46:10Z 2022-10-28T01:46:10Z House HR 2019-11-22 116 [Congressional Record Volume 165, Number 188 (Friday, November 22, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PANETTA:H.R. 5259.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Sections 7 & 8 ofArticle I of the United States Constitution and Amendment XVIof the United States Constitution.[Page H9175]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-11-22T18:31:15Z For the 99.8 Percent Act 116 309 S 2019-01-31 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S807-809) Related bill CRS For the 99.8 Percent Act 116 4857 HR 2019-10-24 Referred to the House Committee on Ways and Means. Related bill CRS 2019-11-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-11-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-22 Introduced in House IntroReferral 1000 9 Library of Congress P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 N W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2019-11-22 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2019-12-10 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2019-12-18 False A000375 Rep. Arrington, Jodey C. [R-TX-19] Jodey Arrington R TX C. 19 2020-01-09 False H001053 Rep. Hartzler, Vicky [R-MO-4] Vicky Hartzler R MO 4 2020-01-17 False G000584 Rep. Gianforte, Greg [R-MT-At Large] Greg Gianforte R MT 0 2020-02-26 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2020-03-09 False G000589 Rep. Gooden, Lance [R-TX-5] Lance Gooden R TX 5 2020-03-16 False M001201 Rep. Mitchell, Paul [R-MI-10] Paul Mitchell R MI 10 2020-04-28 False Taxation Farmland Tax administration and collection, taxpayers Transfer and inheritance taxes Taxation 00 2019-11-22 Introduced in House 2019-12-12T14:50:35Z Preserving Family Farms Act of 2019

This bill 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.

]]> Preserving Family Farms Act of 2019 Display Title Preserving Family Farms Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase the limitation on the estate tax valuation of certain real property used in farming or other trades or businesses. Introduced in House IH Short Title(s) as Introduced Preserving Family Farms Act of 2019 Introduced in House IH Introduced in House 2019-11-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5259ih/xml/BILLS-116hr5259ih.xml 2019-11-22 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.