H.R. 2370 · 117th Congress
Preserving Family Farms Act of 2021
- Stage
- In committee
- Sponsor
- Jimmy Panetta
- Introduced
- 2021-04-05
- Latest action
- 2021-04-05 · Introduced in House
Summary
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.