H.R. 173 (111th): To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.

Introduced:
Jan 06, 2009 (111th Congress, 2009–2010)
Sponsor:
Rep. John Salazar [D-CO3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/6/2009--Introduced.
Amends the Internal Revenue Code to exclude from the gross estate of a decedent the value of farmland used by an heir of the decedent for farming purposes. Imposes a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use it for farming purposes.

House Republican Conference Summary

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House Democratic Caucus Summary

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