H.R. 2497 — Open Space Preservation Act of 1999

Summary

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.

Full Text

Legislative Actions

1999-07-13
Introduced in House
1999-07-13
Introduced in House
1999-07-13
Referred to the House Committee on Ways and Means.

Open Space Preservation Act of 1999

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill