H.R. 1447 · 111th Congress
Family Farm Preservation Act of 2009
- Stage
- In committee
- Sponsor
- Joseph Pitts
- Introduced
- 2009-03-11
- Latest action
- 2009-03-11 · Introduced in House
Summary
Family Farm Preservation Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farmland development rights to a tax-exempt conservation organization. Defines "qualified farmland development rights" as a restriction limiting farmland to use as a farm for farming purposes or for exclusively conservation purposes.