Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 227 (94th)

Family Farm Inheritance Act

referredUnited States· United States Congress· EN

Introduced

17 January 1975

Last action

17 January 1975 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Bayh, Birch [D-IN], Sen. Abourezk, James [D-SD], Sen. Bellmon, Henry L. [R-OK], Sen. Buckley, James L. [R-NY], Sen. Bumpers, Dale [D-AR], Sen. Church, Frank [D-ID], Sen. Clark, Dick [D-IA], Sen. Domenici, Pete V. [R-NM], Sen. Ford, Wendell H. [D-KY], Sen. Gravel, Mike [D-AK], Sen. Hansen, Clifford P. [R-WY], Sen. Hart, Gary W. [D-CO], Sen. Hartke, Vance [D-IN], Sen. Hatfield, Mark O. [R-OR], Sen. Humphrey, Hubert H. [D-MN], Sen. Leahy, Patrick J. [D-VT], Sen. McGee, Gale W. [D-WY], Sen. McGovern, George [D-SD], Sen. McIntyre, Thomas J. [D-NH], Sen. Metcalf, Lee [D-MT], Sen. Moss, Frank E. [D-UT], Sen. Scott, Hugh [R-PA], Sen. Stone, Richard (Dick) [D-FL], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Culver, John C. [D-IA]

Subjects

Taxation

Source updated

2 September 2025

Taxation

Official sourceView documentsShare

Summary

Family Farm Inheritance Act - States that for purposes of the estate tax under the Internal Revenue Code the value of the taxable estate shall be determined by deducting the lesser of: (1) $200,000; or (2) the value of the decedent's interest in a family farming operation continuously owned by him or his spouse for five years prior to his death and which passes to a related individual. Disqualifies the individual to whom the estate passes from the tax benefit authorized by this Act if such individual, within five years after the decedent's death, sells or removes the family farming operation.

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

Timeline

  1. 17 January 1975

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 17 January 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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

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

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.