United States · Bill · S
S. 460 (101st)
A bill to amend the Internal Revenue Code of 1986 to extend treatment of certain rents under section 2032A to all qualified heirs.
Introduced
28 February 1989
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code with respect to the valuation of farm land for estate tax purposes, permitting a qualified heir 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
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 28 February 1989
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/460
- Open data entity: https://api.congress.gov/v3/bill/101/s/460