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United States · Bill · HR

H.R. 4937 (118th)

Preserving Family Farms Act of 2023

referredUnited States· United States Congress· EN

Introduced

26 July 2023

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

24 September 2024

Summary

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.

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Documents

3 official files

Introduced in House (text)

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