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