This would be pretty straightforward. It would say that you--if your father-in-law passes away and leaves you and your wife the farm, as long as you continue to farm it, you would be exempt from paying any taxes, any estate taxes.
Mike Thompson: “This would be pretty straightforward. It would say that you--if your father-in-law passes away and leaves you and your…”
Editor's note · Context
Proposing a straightforward exemption for family farms from estate taxes.
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