Rural Land Conservation Act of 1993

Summary

Rural Land Conservation Act of 1993 - Amends the Internal Revenue Code to exclude from the gross estate tax the value of land subject to a qualified conservation easement (less the amount of any indebtedness secured by such land). Includes in the gross estate tax the value of each development right retained by the donor in the conveyance of the easement. Makes such tax due upon the disposition of the property. Provides that such land subject to the exclusion will have a carryover basis for purposes of determining gain or loss. Excludes from the gift tax transfers by gift of land subject to a conservation easement. Removes the allowance for a tax deduction in the case of a contribution of property where mining rights are retained if the surface estate and mining interests were separated before June 13, 1976, and remain separated. Declares that for purposes of the alternative estate valuation method: (1) a qualified conservation contribution is not a disposition; and (2) land subject to a conservation easement is not disqualified.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 May 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 May 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 May 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 May 1993

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

5. 24 June 1993

   Committee

   Subcommittee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 May 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 May 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 May 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 6 May 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Payne, Lewis F., Jr. [D-VA-5] · D · Sponsor
• Rep. Wolf, Frank R. [R-VA-10] · R · Sponsor
• Rep. Coyne, William J. [D-PA-14] · D · Sponsor
• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• Rep. Andrews, Michael [D-TX-25] · D · Sponsor
• Rep. Sundquist, Don [R-TN-7] · R · Sponsor
• Rep. Houghton, Amo [R-NY-31] · R · Cosponsor
• Rep. Bliley, Tom [R-VA-7] · R · Cosponsor
• Rep. Bateman, Herbert H. [R-VA-1] · R · Cosponsor
• Rep. Rose, Charlie [D-NC-7] · D · Cosponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Cosponsor
• Rep. Williams, Pat [D-MT-At Large] · D · Cosponsor
• Rep. Hamburg, Dan [D-CA-1] · D · Cosponsor
• · hswm00 · Standing

Related records

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