H.R.173 - To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.111th Congress (2009-2010)
Summary: H.R.173 — 111th Congress (2009-2010)
Introduced in House (01/06/2009)
Amends the Internal Revenue Code to exclude from the gross estate of a decedent the value of farmland used by an heir of the decedent for farming purposes. Imposes a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use it for farming purposes.