HOUSE 4937118th CongressReferred to the House Committee on Ways and Means.

Preserving Family Farms Act of 2023

Last Action: 7/26/2023

Actions

2023-07-26Referred to the House Committee on Ways and Means.
2023-07-26Introduced in House
2023-07-26Introduced in House

CRS Summary

As of 2023-07-26 (00)

Preserving Family Farms Act of 2023

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.

Cosponsors (14)

Mike Kelly (R-PA)
Tracey Mann (R-KS)
John Rose (R-TN)
Terri Sewell (D-AL)
Bryan Steil (R-WI)
Michael Waltz (R-FL)
Doug LaMalfa (R-CA)
Erin Houchin (R-IN)
Austin Scott (R-GA)
W. Steube (R-FL)
Marcus Molinaro (R-NY)
Zachary Nunn (R-IA)
Daniel Meuser (R-PA)
Guy Reschenthaler (R-PA)

Read on Congress.gov

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