H.R. 4208 · 111th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value…
Full title
To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PerrielloSponsorNo cosponsors.
Amends the Internal Revenue Code to: (1) increase to $3.5 million the limitation on the reduction in the fair market value of real property used for farming or in another trade or business for estate tax purposes; and (2) allow an annual inflation adjustment to the limitation amount after 2010.
What it does: CRS summary · Introduced in House · Dec 3, 2009
Amends the Internal Revenue Code to: (1) increase to $3.5 million the limitation on the reduction in the fair market value of real property used for farming or in another trade or business for estate tax purposes; and (2) allow an annual inflation adjustment to the limitation amount after 2010.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes.
Latest action (Dec 3, 2009): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Dec 3, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.