A bill to amend the Internal Revenue Code of 1986 to extend treatment of certain rents under section 2032A to lineal descendants.

Summary

Amends the Internal Revenue Code with respect to the valuation of farm land for estate tax purposes, permitting a surviving spouse or lineal descendant to enter into a cash lease of farm or other real property with a family member and still have the property valued under use value principles rather than according to its highest and best use.

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

Timeline

1. 14 May 1991

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 May 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 29 April 1992

   Committee

   Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 102-831.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 May 1991

  Open at official source

Sponsors

• Sen. Kassebaum, Nancy Landon [R-KS] · R · Sponsor
• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Rep. Lott, Trent [R-MS-5] · R · Cosponsor
• · ssfi00 · Standing

Related records

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