To amend the Internal Revenue Code of 1986 to increase the limitations on the amount excluded from the gross estate with respect to land subject to a qualified conservation easement.
American Family Farm and Ranchland Protection Act - Amends the Internal Revenue Code to increase to $5 million the limitation on the estate tax exclusion for land subject to a qualified conservation easement and to increase the percentage of the value of such land that is excludable.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2037)
Referred to the House Committee on Ways and Means.
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