Estate Tax Repeal for Family-Owned Farms and Businesses Act of 2003

H.R. 2513, the Estate Tax Repeal for Family-Owned Farms and Businesses Act of 2003, proposed to eliminate the federal estate tax specifically for qualified family-owned business interests. Under this legislation, eligible estates could deduct the value of a family-run business or farm from the total taxable estate, effectively shielding those assets from the "death tax." The bill was designed to prevent the forced sale of long-standing family operations to pay federal tax obligations upon the death of an owner. While the bill was introduced and referred to the House Committee on Ways and Means, it did not advance further during the 108th Congress.