The Forest Landowners Association continues to support the full repeal of the estate tax repeal.
While many forest landowners will find relief in newly enacted estate tax exemption of $11 million per person indexed for inflation and the continuation of stepped-up basis, the threat of a return to the $5.5 million per-person exemption in 2026 calls for action to enact permanent relief.
The Tax Cuts and Jobs Act, passed in 2017, temporarily doubles the estate tax exemption to $11 million per person through 2025. In addition, the legislation preserves stepped-up basis and continues to allow the transfer of any unused exemption to a surviving spouse. The Forest Landowners Association supports making the $11 million per-person exemption permanent as a step toward full repeal of the estate tax.
The new exemption level will help many forest landowners avoid the devastating penalties of estate taxes, but a return to a $5.5 million per-person exemption in 2026 is looming.
The Forest Landowners Association supports the Death Tax Repeal Act (H.R. 5422), cosponsored by Congressmen Jason Smith (R-MO) and Sanford Bishop (D-GA).
Tax laws must protect the families that grow and manage the nation’s private forests, which in turn contribute at no cost to the
What is needed are permanent tax policies that do not punish capital-intensive businesses like forestry, and that does not hinder the next generation from continuing the forest legacy of their parents, grandparents and often great grandparents. The Forest Landowners Association continues to support the full repeal of the estate tax repeal.