HR 4937 · 118th Congress

Preserving Family Farms Act of 2023

<p><b>Preserving Family Farms Act of 2023</b></p> <p>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…

Sponsor

Panetta, Jimmy (D-CA)

Introduced

2023-07-26

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.