To amend the Internal Revenue Code of 1986 to provide that the dollar limitation on the deduction for family-owned business interests does not apply to interests in farming businesses.
Family Farm Preservation Act - Amends the Internal Revenue Code to provide that the $675,000 limitation on the estate tax deduction shall not apply to interests in qualified family-owned farming business interests.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line