Legis Daily

Preserving Family Farms Act of 2023

USA118th CongressHR-4937| House 
| Updated: 7/26/2023
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (14)
Doug LaMalfa (Republican)Guy Reschenthaler (Republican)Zachary Nunn (Republican)Terri A. Sewell (Democratic)Michael Waltz (Republican)Daniel Meuser (Republican)Mike Kelly (Republican)W. Gregory Steube (Republican)Austin Scott (Republican)Marcus J. Molinaro (Republican)John W. Rose (Republican)Erin Houchin (Republican)Tracey Mann (Republican)Bryan Steil (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Preserving Family Farms Act of 2023 This bill amends the Internal Revenue Code to increase to $13 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 2023.
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Timeline

Bill from Previous Congress

HR 116-5259
Preserving Family Farms Act of 2019

Bill from Previous Congress

HR 117-2370
Preserving Family Farms Act of 2021
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5259
    Preserving Family Farms Act of 2019


  • Bill from Previous Congress

    HR 117-2370
    Preserving Family Farms Act of 2021


  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Preserving Family Farms Act of 2023

USA118th CongressHR-4937| House 
| Updated: 7/26/2023
Preserving Family Farms Act of 2023 This bill amends the Internal Revenue Code to increase to $13 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 2023.
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

Bill from Previous Congress

HR 117-2370
Preserving Family Farms Act of 2021
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5259
    Preserving Family Farms Act of 2019


  • Bill from Previous Congress

    HR 117-2370
    Preserving Family Farms Act of 2021


  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the House Committee on Ways and Means.
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (14)
Doug LaMalfa (Republican)Guy Reschenthaler (Republican)Zachary Nunn (Republican)Terri A. Sewell (Democratic)Michael Waltz (Republican)Daniel Meuser (Republican)Mike Kelly (Republican)W. Gregory Steube (Republican)Austin Scott (Republican)Marcus J. Molinaro (Republican)John W. Rose (Republican)Erin Houchin (Republican)Tracey Mann (Republican)Bryan Steil (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted