Open Space Preservation Act of 1999 - Amends the Internal Revenue Code to exclude from gross income the gain from the sale or exchange of farmland if there is a covenant prohibiting any use other than as farmland. Excludes from the gross estate the value of farmland if there is a covenant prohibiting any use other than as farmland.
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Legislative Actions
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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