Farmland Preservation and Land Conservation Act of 2011

Summary

Farmland Preservation and Land Conservation Act of 2011- Amends the Internal Revenue Code to allow an estate and gift tax exclusion for real property located in the United States which at the time of a decedent's death was being used as a farm for farming purposes or exclusively for conservation purposes. Imposes: (1) an additional estate or gift tax with respect to such property if an heir or donee disposes of or uses such property for other than farming or conservation purposes, and (2) a federal tax lien on such property until liability for estate or gift tax with respect to such property has been satisfied or has become unenforceable.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2011

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• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2011

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• Introduced in House

  summary · EN · 15 April 2011

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