A bill to amend the Internal Revenue Code of 1954 to add a method of valuing farms used for farming purposes owned by private foundations for purposes of determining minimum investment return.

referredUnited States· United States Congress· EN

Introduced

26 April 1983

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code, relating to the valuation of farmland owned by private foundations for purposes of determining minimum investment return, to provide that the foundation may use the estate tax valuation of a farm: (1) owned by the private foundation on January 1, 1983; or (2) acquired by the foundation from a decedent by will on or after January 1, 1983.

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Documents

1 official file

Introduced in House
summary · EN · 26 April 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/2737
Open data entity: https://api.congress.gov/v3/bill/98/hr/2737