Family Farm Estate Tax Deferral Act of 2010

Summary

Family Farm Estate Tax Deferral Act of 2010 - Amends the Internal Revenue Code to: (1) exclude from the value of a decedent's gross estate farmland used by the decedent or a member of the decedent's family for farming purposes for periods aggregating five years or more during the eight-year period ending on the date of the decedent's death; (2) impose a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use such farmland for farming purposes; and (3) increase the limitation on the estate tax exclusion for land subject to a qualified conservation easement to $5 million and the percentage of the value of such land that is excludable.

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Timeline

1. 28 July 2010

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 July 2010

   Introduced

   Sponsor introductory remarks on measure. (CR S6440-6441)

   Source: IntroReferral

3. 28 July 2010

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 July 2010 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 July 2010

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 July 2010

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 28 July 2010

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Udall, Mark [D-CO] · D · Sponsor
• Sen. Bennet, Michael F. [D-CO] · D · Sponsor
• Sen. Boxer, Barbara [D-CA] · D · Sponsor
• Sen. Nelson, Bill [D-FL] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.
• related to → Family Farm Preservation and Conservation Estate Tax Act
• related to → Family Farm Estate Tax Relief Act of 2010