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Link: https://thehill.com/opinion/finance/558451-zombie-tax-punishes-farmers-to-fill-dc-coffers?amp
Sensible Taxation and Equity Promotion (STEP) Act, known by some as the "Zombie Tax," would tax personal property including a house, land, or small business on its total appreciated value upon the death of the owner. Taxes have to be paid on the appreciated value of the asset by the family members inheriting it, which is likely unconstitutional. For many asset-rich, cash-poor farming families, this could mean the sale of all or part of the farm..