Introduced
S. 1927
Introduced in Senate · June 5, 2025June 3, 2025
Mrs. Hyde-Smith introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation with respect to the aggregate reduction in fair market value of farmland for purposes of application of the estate tax.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Helping Ensure Rural Inheritance Transfers Are Generationally Enduring Act” or the “HERITAGE Act”.