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H.R. 1328

BillFederalHouseIn Committee
Farmland Preservation and Land Conservation Act of 2009
About This Bill
Committee
Latest Action · March 5, 2009
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
March 5, 2009
Cosponsors (4)
3D 1R
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Summary

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Farmland Preservation and Land Conservation Act of 2009 - Amends the Internal Revenue Code to allow an estate and gift tax exclusion for real property located in the United States which at the time of a decedent's death was being used as a farm for farming purposes or exclusively for conservation purposes. Imposes: (1) an additional estate or gift tax with respect to such property if an heir or donee disposes of or uses such property for other than farming or conservation purposes; and (2) a federal tax lien on such property until liability for estate or gift tax with respect to such property has been satisfied or has become unenforceable.

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