S. 2728 (111th): A bill to amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.

Introduced:
Nov 04, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Richard Burr [R-NC]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 2209 (112th) on Mar 20, 2012.

The bill’s title was written by the bill’s sponsor. S. stands for Senate 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.


11/4/2009--Introduced.
Amends the Internal Revenue Code to allow decedent estates to base the value of qualified historic property on the net earnings of such property for estate and gift tax purposes. Defines "qualified historic property" as any building designated as a national historic landmark for at least 25 years prior to the death of a decedent and originally used for residential or farming purposes.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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