Speaker 1, an unidentified speaker, told the Agriculture: House Committee that provisions in a recently passed budget bill were "extremely helpful" for estate-tax planning and said the changes would aid passing the family farm to the next generation.
"The provisions in your recently passed budget bill are extremely helpful, and we're very grateful for them," Speaker 1 said, opening remarks that framed the testimony as gratitude for recent legislative changes. Speaker 1 then said, "My brother Keith and I were blessed to have parents that transitioned ownership of our farm 25 years ago," and described plans to pass the farm to their children "in the next decade."
The remarks combined appreciation for the budget bill's provisions with a personal example of how estate-tax policy intersects with multi-generational farm ownership. Speaker 1 presented the 25-year-ago transfer as background context and said the current changes to estate-tax rules would make a future transfer to the next generation more feasible. No additional policy details, dollar amounts, or formal proposals were provided in the transcript excerpts.
The provided transcript does not record any formal motion, vote, or committee action tied to these remarks. The comments appear as testimony or public input to the Agriculture: House Committee rather than as a committee directive or legislative motion.