H.R.6289 - Save Family-Owned Farms and Small Businesses Act of 2008

To amend the Internal Revenue Code of 1986 to increase the maximum reduction in estate tax value for farmland and other special use property, to restore and increase the estate tax deduction for family-owned business interests, and for other purposes. view all titles (2)

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All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to increase the maximum reduction in estate tax value for farmland and other special use property, to restore and increase the estate tax deduction for family-owned business interests, and for other purposes. as introduced.
  • Short: Save Family-Owned Farms and Small Businesses Act of 2008 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/17/08
 
 
 
 
 
 
 

Official Bill Text Comment on about 3 Pages

Sponsor

Representative

K. Conaway

R-TX

No Co-Sponsors

Official Summary

6/18/2008--Introduced.Save Family-Owned Farms and Small Businesses Act of 2008 - Amends the Internal Revenue Code to: (1) increase to $1.85 million the maximum reduction amount for alternative valuations of farmland and other business property for estate tax purposes; and (2) restore after
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Official Summary

6/18/2008--Introduced.
Save Family-Owned Farms and Small Businesses Act of 2008 - Amends the Internal Revenue Code to:
(1) increase to $1.85 million the maximum reduction amount for alternative valuations of farmland and other business property for estate tax purposes; and
(2) restore after 2008 the estate tax deduction for family-owned business interests and increase such deduction to $2 million. Allows annual inflation adjustments to such increased amounts after 2009.


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Recent News Coverage

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06/18/08
Conaway introduces bill to protect farms, small businesses

By Mike Conaway's office WASHINGTON, DC – Yesterday, Congressman Mike Conaway (TX-11) introduced HR 6289, the Family-Owned Farms and Small Businesses Act of ...

Source: MyWestTexas.com, TX
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Recent Blog Coverage

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06/25/08
United States Savings Bonds

Internal Revenue HR 6289 would amend the Internal Revenue Code of 1986 to increase the maximum reduction in estate tax value for farmland and other . Until the recent decision to create sovereign wealth funds, these government bodies ...

Source: United States Savings Bonds
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06/23/08
United States Savings Bonds

United States Savings Bonds. Given the diversity of financial conditions, social settings, and personal circumstances of families, and against the backdrop of consumerism in the United States, there is no one-size-fits-all savings ...

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06/21/08
United States Savings Bonds

Internal Revenue HR 6289 would amend the Internal Revenue Code of 1986 to increase the maximum reduction in estate tax value for farmland and other . United States Savings Bonds Redemption Most certificates of deposit are offered by ...

Source: United States Savings Bonds
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