Preserving Family Farms Act of 2019
Latest action · Nov 22, 2019 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 22, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Nov 22, 2019 to Apr 28, 2020; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Jackie Walorski | Original | Nov 22, 2019 |
| D-FL | Darren Soto | Dec 10, 2019 | |
| D-TX | Henry Cuellar | Dec 18, 2019 | |
| R-TX | Jodey C. Arrington | Jan 9, 2020 | |
| R-MO | Vicky Hartzler | Jan 17, 2020 | |
| R-MT | Greg Gianforte | Feb 26, 2020 | |
| R-CO | Scott R. Tipton | Mar 9, 2020 | |
| R-TX | Lance Gooden | Mar 16, 2020 | |
| I-MI | Paul Mitchell | Apr 28, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Nov 22, 2019 |
Actions 2
Everything that happened, newest first.
- Nov 22, 2019Introduced in House
- Nov 22, 2019Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 188, November 22, 2019, page H9175.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 309 | For the 99.8 Percent Act | Related bill | Jan 31, 2019 |
| HR 4857 | For the 99.8 Percent Act | Related bill | Oct 24, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to increase the limitation on the estate tax valuation of certain real property used in farming or other trades or businesses.
- Short Title(s) as Introduced
- Preserving Family Farms Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 22, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
