A bill to amend the Internal Revenue Code of 1954 to clarify the treatment of leases between family members for purposes of the special estate tax valuation of certain farm, etc., real property.

Summary

Amends the Internal Revenue Code to provide that an heir may rent his or her interest in a farm to a family member who is a qualifying heir on either a cash or crop-share basis without risking the loss of that farm property qualifying for the special use valuation for estate tax purposes.

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

Timeline

1. 8 March 1984

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 8 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 8 March 1984

  Open at official source

Sponsors

• Rep. Bedell, Berkley W. [D-IA-6] · D · Sponsor
• Rep. Marlenee, Ron [R-MT-2] · R · Sponsor
• Rep. Long, Gillis W. [D-LA-8] · D · Sponsor
• · hswm00 · Standing

Related records

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