Summary: H.R.5259 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5259. Bill summaries are authored by CRS.

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Introduced in House (11/22/2019)

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.