HR 6329
115th Congress
House
Taxation
Income tax deductions
Interest, dividends, interest rates
Tax-exempt organizations
Transfer and inheritance taxes
Family Business Legacy Act of 2018
Introduced: July 10, 2018
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 10, 2018
Referred to the House Committee on Ways and Means.
Jul 10, 2018
Introduced in House
Plain-English summary
Family Business Legacy Act of 2018
This bill amends the Internal Revenue Code, with respect to the estate tax, to allow the value of the taxable estate to be determined by deducting from the value of the gross estate the amount of all bequests, devises, or transfers to or for the use of certain tax-exempt organizations. The deduction allowed by this bill for any transfer may not exceed the value of the transferred property required to be included in the gross estate.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1