H.R. 3524 (111th): Family Farm Preservation and Conservation Estate Tax Act

Introduced:
Jul 31, 2009 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
Mike Thompson
Representative for California's 1st congressional district
Party
Democrat
Text
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Last Updated
Jul 31, 2009
Length
13 pages
Related Bills
H.R. 390 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 20, 2011

S. 3664 (Related)
Family Farm Estate Tax Deferral Act of 2010

Referred to Committee
Last Action: Jul 28, 2010

 
Status

This bill was introduced on July 31, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 31, 2009
Referred to Committee Jul 31, 2009
 
Full Title

To amend the Internal Revenue Code of 1986 to provide an exclusion from the gross estate for certain farmlands and lands subject to qualified conservation easements, and for other purposes.

Summary

No summaries available.

Cosponsors
58 cosponsors (31D, 27R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


7/31/2009--Introduced.
Family Farm Preservation and Conservation Estate Tax Act - Amends the Internal Revenue Code to:
(1) exclude from the gross estate the value of property used by a decedent and the decedent's family as a farm for farming purposes and certain qualified conservation easements; and
(2) impose a recapture tax if such farmland is sold outside the decedent's family or is no longer used for farming purposes or if a qualified conservation easement is likewise sold or used in violation of the terms of such easement.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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