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S. 1927

U.S. Senate•In Senate Committee

Summary

S. 1927, the HERITAGE Act, was introduced in the Senate on Jun 3, 2025 by Sen. Cindy Hyde-Smith (R). It was referred to Finance, and last saw action on Jun 3, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 1927 has no co-sponsors and has not gone to a roll call.

sb1927/introduced-in-senate.txt
119 S1927 IS: Helping Ensure Rural Inheritance Transfers Are Generationally Enduring Act
 U.S. Senate
 2025-06-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  II
  119th CONGRESS
  1st Session
  S. 1927
  IN THE SENATE OF THE UNITED STATES
  June 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.
1.
Short title
This Act may be cited as the   Helping Ensure Rural Inheritance Transfers Are Generationally Enduring Act   or the   HERITAGE Act  .
2.
Increase in limitation on aggregate reduction in fair market value of
  farmland
(a)
In general
 Section 2032A(a)(2)  of the Internal Revenue Code of 1986 is amended by striking  shall not exceed $750,000  and inserting:
shall not exceed—
(A)
in the case of qualified real property which was being used for a qualified use described in subparagraph (A) of subsection (b)(2), $15,000,000, and
(B)
in the case of qualified real property which was being used for a qualified use described in subparagraph (B) of such subsection, $750,000.
  .
(b)
Conforming amendment
 Section 2032A(a)(3)  of the Internal Revenue Code of 1986 is amended—
(1)
in the matter preceding subparagraph (A), by striking  the $750,000 amount  and inserting  each dollar amount , and
(2)
in subparagraph (A), by striking  $750,000  and inserting  such dollar amount .
(c)
Effective date
The amendments made by this section shall apply to the estates of decedents dying after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-06-03
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

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.

Sponsors

Sen. Cindy Hyde-Smith (R) sponsors S. 1927 alone.

Committees

S. 1927 went before 1 committee: Finance.

Finance
Finance
Referred To · Jun 3, 2025 · 902 Bills

Actions

S. 1927 has taken 2 actions since Jun 3, 2025.

ChamberAction
Jun 3, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Jun 3, 2025
—
Introduced in Senate

Votes

S. 1927 has not gone to a roll call.

Titles

S. 1927 goes by 4 titles, 2 of them short titles.

  • HERITAGE Act — Display Title
  • HERITAGE Act — Short Title(s) as Introduced
  • Helping Ensure Rural Inheritance Transfers Are Generationally Enduring Act — Short Title(s) as Introduced
  • 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. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 8 registered lobbyists who named S. 1927 in 2 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Agriculture, Animals, Budget/Appropriations, Clean Air and Water (quality), Commodities (big ticket), Environment/Superfund, Food Industry (safety, labeling, etc.), Labor Issues/Antitrust/Workplace.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL CATTLEMEN'S BEEF ASSOCIATION—District of Columbia12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NATIONAL CATTLEMEN'S BEEF ASSOCIATION12—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ALLISON RIVERA112
ETHAN LANE112
KAITLYNN GLOVER112
KELSEA KEMP112
MARY-THOMAS HART112
SIGRID JOHANNES112
TANNER BEYMER112
THOMAS BACUS112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL CATTLEMEN'S BEEF ASSOCIATIONNATIONAL CATTLEMEN'S BEEF ASSOCIATION2025 second_quarter$100K2nd Quarter - Report
NATIONAL CATTLEMEN'S BEEF ASSOCIATIONNATIONAL CATTLEMEN'S BEEF ASSOCIATION2025 third_quarter$60K3rd Quarter - Report

Classification

The Congressional Research Service files S. 1927 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1927’s is Taxation.

s1927/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com