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HR 6329 115th Congress House

Family Business Legacy Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations.

Introduced: July 10, 2018 See on congress.gov
Taxation Income tax deductionsInterest, dividends, interest ratesTax-exempt organizationsTransfer and inheritance taxes
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jul 10, 2018
Referred to the House Committee on Ways and Means.
Jul 10, 2018
Introduced in House
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 Latest action July 10, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Smith, Jason
Missouri · Jul 10, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6329: Family Business Legacy Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6329/
MLA
"H.R. 6329: Family Business Legacy Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6329/.
Bluebook (legal)
H.R. 6329, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6329/.
Markdown link
[H.R. 6329: Family Business Legacy Act of 2018](https://openamerica.io/bill/115-HR-6329/)
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