S 1927 · 119th Congress

HERITAGE Act

This bill makes it easier for farmers and ranchers to pass their land to the next generation without getting hit with a huge estate tax bill. Right now, when someone dies and leaves farmland to their heirs, the government values that land at its current market price for estate tax purposes. However, there's a specia…

Sponsor

Hyde-Smith, Cindy (R-Mississippi)

Introduced

2025-06-03

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.