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Preserving Family Farms Act of 2021

USA117th CongressHR-2370| House 
| Updated: 4/5/2021
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (8)
Doug LaMalfa (Republican)Darren Soto (Democratic)Lance Gooden (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Jodey C. Arrington (Republican)Henry Cuellar (Democratic)Bryan Steil (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Preserving Family Farms Act of 2021 This bill increases to $11.7 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2021.
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Timeline

Bill from Previous Congress

HR 116-5259
Preserving Family Farms Act of 2019
Apr 5, 2021
Introduced in House
Apr 5, 2021
Referred to the House Committee on Ways and Means.
Oct 26, 2021

Latest Companion Bill Action

S 117-3077
Introduced in Senate
  • Bill from Previous Congress

    HR 116-5259
    Preserving Family Farms Act of 2019


  • April 5, 2021
    Introduced in House


  • April 5, 2021
    Referred to the House Committee on Ways and Means.


  • October 26, 2021

    Latest Companion Bill Action

    S 117-3077
    Introduced in Senate

Taxation

Related Bills

  • S 117-3077: Preserving Family Farms Act of 2021
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes

Preserving Family Farms Act of 2021

USA117th CongressHR-2370| House 
| Updated: 4/5/2021
Preserving Family Farms Act of 2021 This bill increases to $11.7 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2021.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5259
Preserving Family Farms Act of 2019
Apr 5, 2021
Introduced in House
Apr 5, 2021
Referred to the House Committee on Ways and Means.
Oct 26, 2021

Latest Companion Bill Action

S 117-3077
Introduced in Senate
  • Bill from Previous Congress

    HR 116-5259
    Preserving Family Farms Act of 2019


  • April 5, 2021
    Introduced in House


  • April 5, 2021
    Referred to the House Committee on Ways and Means.


  • October 26, 2021

    Latest Companion Bill Action

    S 117-3077
    Introduced in Senate
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (8)
Doug LaMalfa (Republican)Darren Soto (Democratic)Lance Gooden (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Jodey C. Arrington (Republican)Henry Cuellar (Democratic)Bryan Steil (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 117-3077: Preserving Family Farms Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes