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116-hr-5259116th Congress

Preserving Family Farms Act of 2019

Sponsored By: Representative Panetta, Jimmy [D-CA-19]

Unknown

Summary

Preserving Family Farms Act of 2019 This bill amends the Internal Revenue Code to increase to $11.4 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 2019.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Panetta, Jimmy [D-CA-19]

CA • D

Cosponsors

  • Rep. Walorski, Jackie [R-IN-2]

    IN • R

    Sponsored 11/22/2019

  • Rep. Arrington, Jodey C. [R-TX-19]

    TX • R

    Sponsored 1/9/2020

  • Rep. Hartzler, Vicky [R-MO-4]

    MO • R

    Sponsored 1/17/2020

  • Rep. Gianforte, Greg [R-MT-At Large]

    MT • R

    Sponsored 2/26/2020

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 12/10/2019

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 12/18/2019

  • Rep. Tipton, Scott R. [R-CO-3]

    CO • R

    Sponsored 3/9/2020

  • Rep. Gooden, Lance [R-TX-5]

    TX • R

    Sponsored 3/16/2020

  • Rep. Mitchell, Paul [R-MI-10]

    MI • R

    Sponsored 4/28/2020

Roll Call Votes

No roll call votes available for this bill.

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