To amend the Internal Revenue Code of 1986 to treat as a qualified use for purposes of section 2032A land rented on a net cash basis to any member of the decedent's family.

Fact Sheet API

Bill Number

HR 2251

Introduced

May 22, 2003

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Agriculture and Food Estate tax Families Family farms Farm tenancy Finance and Financial Sector Limitation of actions Tax credits Tax refunds Taxation Valuation

Full Text

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Votes

Summary

Amends the Internal Revenue Code, with respect to estate and gift tax provisions, to treat land rented on a net cash basis to a member of a decedent's family as a qualified use for alternative farm valuation purposes.

Actions

May 22, 2003

Referred to the House Committee on Ways and Means.
May 22, 2003

Introduced in House

Amendments

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