118th Congress Taxation
H.R. 4937: Preserving Family Farms Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill amends the Internal Revenue Code to increase to $13 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 2023.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Mike Kelly R-PAOriginal
- Tracey Mann R-KS
- John Rose R-TN
- Terri Sewell D-AL
- Bryan Steil R-WI
- Michael Waltz R-FL
- Doug LaMalfa R-CA
- Erin Houchin R-IN
- Austin Scott R-GA
- W. Steube R-FL
- Marcus Molinaro R-NY
- Zachary (Zach) Nunn R-IA
- Daniel Meuser R-PA
- Guy Reschenthaler R-PA
Who scored on this bill
- 1Jimmy Panetta SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Jimmy Panetta.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.