Family Farm Preservation Act of 2005
Last action on Feb 8, 2005Referred to the House Committee on Ways and Means.
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Summary
Family Farm Preservation Act of 2005 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farmland development rights to a tax-exempt conservation organization. Defines "qualified farmland development rights" as a restriction limiting farmland to use as a farm for farming purposes or for exclusively conservation purposes.
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