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HERITAGE Act

7/1/2025, 11:06 AM

Summary of Bill S 1927

The bill, designated as S. 1927 in the 119th Congress and introduced on June 3, 2025, aims to amend the Internal Revenue Code of 1986 by increasing the limitation on the aggregate reduction in fair market value of farmland for estate tax purposes.

Current Status of Bill S 1927

Bill S 1927 is currently in the status of Bill Introduced since June 3, 2025. Bill S 1927 was introduced during Congress 119 and was introduced to the Senate on June 3, 2025.  Bill S 1927's most recent activity was Read twice and referred to the Committee on Finance. as of June 3, 2025

Bipartisan Support of Bill S 1927

Total Number of Sponsors
7
Democrat Sponsors
0
Republican Sponsors
7
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1927

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1927

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.
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.

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