Preserving Family Farms Act of 2019
This bill amends the Internal Revenue Code to increase to $11.4 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2019.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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