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    <number>4937</number>
    <updateDate>2024-09-24T08:05:44Z</updateDate>
    <updateDateIncludingText>2024-09-24T08:05:44Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-07-26</introducedDate>
    <congress>118</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 169, Number 129 (Wednesday, July 26, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. PANETTA:H.R. 4937.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 18The single subject of this legislation is:Tax[Page H4032]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <date>2023-07-26T14:04:45Z</date>
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        <actionDate>2023-07-26</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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    <sponsors>
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        <bioguideId>P000613</bioguideId>
        <fullName>Rep. Panetta, Jimmy [D-CA-19]</fullName>
        <firstName>Jimmy</firstName>
        <lastName>Panetta</lastName>
        <party>D</party>
        <state>CA</state>
        <district>19</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>K000376</bioguideId>
        <fullName>Rep. Kelly, Mike [R-PA-16]</fullName>
        <firstName>Mike</firstName>
        <lastName>Kelly</lastName>
        <party>R</party>
        <state>PA</state>
        <district>16</district>
        <sponsorshipDate>2023-07-26</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M000871</bioguideId>
        <fullName>Rep. Mann, Tracey [R-KS-1]</fullName>
        <firstName>Tracey</firstName>
        <lastName>Mann</lastName>
        <party>R</party>
        <state>KS</state>
        <district>1</district>
        <sponsorshipDate>2023-08-04</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000612</bioguideId>
        <fullName>Rep. Rose, John W. [R-TN-6]</fullName>
        <firstName>John</firstName>
        <lastName>Rose</lastName>
        <party>R</party>
        <state>TN</state>
        <middleName>W.</middleName>
        <district>6</district>
        <sponsorshipDate>2023-11-01</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001185</bioguideId>
        <fullName>Rep. Sewell, Terri A. [D-AL-7]</fullName>
        <firstName>Terri</firstName>
        <lastName>Sewell</lastName>
        <party>D</party>
        <state>AL</state>
        <middleName>A.</middleName>
        <district>7</district>
        <sponsorshipDate>2023-11-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001213</bioguideId>
        <fullName>Rep. Steil, Bryan [R-WI-1]</fullName>
        <firstName>Bryan</firstName>
        <lastName>Steil</lastName>
        <party>R</party>
        <state>WI</state>
        <district>1</district>
        <sponsorshipDate>2023-11-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000823</bioguideId>
        <fullName>Rep. Waltz, Michael [R-FL-6]</fullName>
        <firstName>Michael</firstName>
        <lastName>Waltz</lastName>
        <party>R</party>
        <state>FL</state>
        <district>6</district>
        <sponsorshipDate>2023-11-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000578</bioguideId>
        <fullName>Rep. LaMalfa, Doug [R-CA-1]</fullName>
        <firstName>Doug</firstName>
        <lastName>LaMalfa</lastName>
        <party>R</party>
        <state>CA</state>
        <district>1</district>
        <sponsorshipDate>2023-11-28</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001093</bioguideId>
        <fullName>Rep. Houchin, Erin [R-IN-9]</fullName>
        <firstName>Erin</firstName>
        <lastName>Houchin</lastName>
        <party>R</party>
        <state>IN</state>
        <district>9</district>
        <sponsorshipDate>2023-11-30</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001189</bioguideId>
        <fullName>Rep. Scott, Austin [R-GA-8]</fullName>
        <firstName>Austin</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>GA</state>
        <district>8</district>
        <sponsorshipDate>2023-12-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001214</bioguideId>
        <fullName>Rep. Steube, W. Gregory [R-FL-17]</fullName>
        <firstName>W.</firstName>
        <lastName>Steube</lastName>
        <party>R</party>
        <state>FL</state>
        <middleName>Gregory</middleName>
        <district>17</district>
        <sponsorshipDate>2023-12-11</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001221</bioguideId>
        <fullName>Rep. Molinaro, Marcus J. [R-NY-19]</fullName>
        <firstName>Marcus</firstName>
        <lastName>Molinaro</lastName>
        <party>R</party>
        <state>NY</state>
        <middleName>J.</middleName>
        <district>19</district>
        <sponsorshipDate>2023-12-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>N000193</bioguideId>
        <fullName>Rep. Nunn, Zachary [R-IA-3]</fullName>
        <firstName>Zachary</firstName>
        <lastName>Nunn</lastName>
        <party>R</party>
        <state>IA</state>
        <district>3</district>
        <sponsorshipDate>2024-07-08</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001204</bioguideId>
        <fullName>Rep. Meuser, Daniel [R-PA-9]</fullName>
        <firstName>Daniel</firstName>
        <lastName>Meuser</lastName>
        <party>R</party>
        <state>PA</state>
        <district>9</district>
        <sponsorshipDate>2024-07-22</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000610</bioguideId>
        <fullName>Rep. Reschenthaler, Guy [R-PA-14]</fullName>
        <firstName>Guy</firstName>
        <lastName>Reschenthaler</lastName>
        <party>R</party>
        <state>PA</state>
        <district>14</district>
        <sponsorshipDate>2024-09-23</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-08-25T15:30:25Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-07-26</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-10-13T12:58:18Z</updateDate>
        <text><![CDATA[ <p><b>Preserving Family Farms Act of 2023</b></p> <p>This bill amends the Internal Revenue Code to increase to $13 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 2023.</p>]]></text>
      </summary>
    </summaries>
    <title>Preserving Family Farms Act of 2023</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Preserving Family Farms Act of 2023</title>
        <updateDate>2024-07-09T08:05:26Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Preserving Family Farms Act of 2023</title>
        <updateDate>2024-05-24T13:37:33Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>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.</title>
        <updateDate>2024-03-18T21:14:08Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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    </titles>
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        <type>Introduced in House</type>
        <date>2023-07-26T04:00:00Z</date>
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          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr4937ih/xml/BILLS-118hr4937ih.xml</url>
          </item>
        </formats>
      </item>
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    <latestAction>
      <actionDate>2023-07-26</actionDate>
      <text>Referred to the House Committee on Ways and Means.</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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