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H.R.390 - Family Farm Preservation and Conservation Estate Tax Act

To amend the Internal Revenue Code of 1986 to provide an exclusion from the gross estate for certain farmlands and lands subject to qualified conservation easements, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide an exclusion from the gross estate for certain farmlands and lands subject to qualified conservation easements, and for other purposes. as introduced.
  • Short: Family Farm Preservation and Conservation Estate Tax Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
01/20/11
 
 
 
 
 
 
 

Sponsor

T000460

Representative

Mike Thompson

D-CA

View Co-Sponsors (4)

Official Summary

Family Farm Preservation and Conservation Estate Tax Act - Amends the Internal Revenue Code to: (1) exclude from the gross estate the value of property used by a decedent and the decedent's family as a farm for farming purposes and certain qualified conservation easements; and (2) impo

Official Summary

Family Farm Preservation and Conservation Estate Tax Act - Amends the Internal Revenue Code to:
(1) exclude from the gross estate the value of property used by a decedent and the decedent's family as a farm for farming purposes and certain qualified conservation easements; and
(2) impose a recapture tax if such farmland is sold outside the decedent's family or is no longer used for farming purposes or if a qualified conservation easement is likewise sold or used in violation of the terms of such easement.

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