Preserving Family Farms Act of 2021
Last action on Oct 26, 2021Read twice and referred to the Committee on Finance.
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Summary
Preserving Family Farms Act of 2021
This bill increases to $11.7 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 2021.
Lifecycle of the Bill
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