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Senate Bill 47
115th Congress(2017-2018)
Protect Family Farms and Businesses Act
Introduced
Introduced
Introduced in Senate on Jan 5, 2017
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Introduced in Senate 
Jan 5, 2017
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Introduced in Senate(Jan 5, 2017)
Jan 5, 2017
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 47 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 47


To prevent proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes from taking effect.

IN THE SENATE OF THE UNITED STATES

January 5, 2017

Mr. Rubio (for himself, Mrs. Fischer, and Mr. Moran) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To prevent proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes from taking effect.

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 “Protect Family Farms and Businesses Act”.

SEC. 2. Proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes prevented from taking effect.

The proposed regulations under section 2704 of the Internal Revenue Code of 1986 relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes, published on August 4, 2016, in the Federal Register (81 Fed. Reg. 51413) shall have no force or effect. No Federal funds may be used to finalize, implement, administer, or enforce such proposed regulations or any substantially similar regulations.