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HR 1376 107th Congress House

Family Business Preservation Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to provide that transfers of family-owned business interests shall be exempt from estate taxation.

Introduced: April 3, 2001 Introduced by: Thompson, Mike Democratic · California See on congress.gov
Taxation CommerceEstate taxFamiliesFamily enterprises
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Tax exclusionTax exemption
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2001
Referred to the House Committee on Ways and Means.
Apr 3, 2001
Introduced in House
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 Latest action April 3, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Family Business Preservation Act of 2001 - Amends the Internal Revenue Code to exclude from estate taxes the adjusted value of a qualified family owned business.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1376: Family Business Preservation Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1376/
MLA
"H.R. 1376: Family Business Preservation Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1376/.
Bluebook (legal)
H.R. 1376, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1376/.
Markdown link
[H.R. 1376: Family Business Preservation Act of 2001](https://openamerica.io/bill/107-HR-1376/)
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