Family Forest Land Preservation Tax Act of 1999

Read twice and referred to the Committee on Finance.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · May 5, 1999

Family Forest Land Preservation Tax Act of 1999 - Title I: Estate Tax Provisions - Amends the Internal Revenue Code to exclude from a gross estate, for estate tax purposes, the value of land subject to a qualified conservation easement. Provides for: (1) an increase, from $750,000 to $1 million, in the special estate tax valuation; and (2) the treatment of forest land as qualified real property.Title II: Income Tax Treatment - Provides taxpayers a partial inflation adjustment for the deduction from gross income for qualified timber gain. Allows such deduction in computing adjusted gross income. Excludes from gross income the applicable percentage of any gain from a qualified timber sale. Provides for the application of passive loss limitations to specified timber activities.

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People & committees

Who introduced it

Sen. Gregg, Judd [R-NH] · R–NH

Committees

Finance Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

May 5, 1999
Read twice and referred to the Committee on Finance.
May 5, 1999
Sponsor introductory remarks on measure. (CR S4799)
May 5, 1999
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · May 5, 1999 Formatted Text PDF

Related bills identified by Congress.gov

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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.

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Analyze S.963 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.963, 106th Congress: Family Forest Land Preservation Tax Act of 1999

Official record: https://www.congress.gov/bill/106th-congress/senate-bill/963

Text version to examine: Introduced in Senate · 1999-05-05.

Official full text: https://www.congress.gov/106/bills/s963/BILLS-106s963is.htm

Imported record last updated by the source: 2025-08-20T14:18:51Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.963 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Examine S.963 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.963, 106th Congress: Family Forest Land Preservation Tax Act of 1999

Official record: https://www.congress.gov/bill/106th-congress/senate-bill/963

Text version to examine: Introduced in Senate · 1999-05-05.

Official full text: https://www.congress.gov/106/bills/s963/BILLS-106s963is.htm

Imported record last updated by the source: 2025-08-20T14:18:51Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.963 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Examine S.963 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.963, 106th Congress: Family Forest Land Preservation Tax Act of 1999

Official record: https://www.congress.gov/bill/106th-congress/senate-bill/963

Text version to examine: Introduced in Senate · 1999-05-05.

Official full text: https://www.congress.gov/106/bills/s963/BILLS-106s963is.htm

Imported record last updated by the source: 2025-08-20T14:18:51Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.963 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Examine S.963 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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Discuss S.963, 106th Congress: Family Forest Land Preservation Tax Act of 1999

Official record: https://www.congress.gov/bill/106th-congress/senate-bill/963

Text version to examine: Introduced in Senate · 1999-05-05.

Official full text: https://www.congress.gov/106/bills/s963/BILLS-106s963is.htm

Imported record last updated by the source: 2025-08-20T14:18:51Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.963 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.