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HR 6856 116th Congress House Taxation Cemeteries and funerals Financial services and investments Income tax deductions

To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.

Introduced: May 13, 2020 Introduced by: Sánchez, Linda T. Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2020
Referred to the House Committee on Ways and Means.
May 13, 2020
Introduced in House
 Plain-English summary Congressional Research Service

This bill allows a tax deduction for the investment advisory expenses of certain funeral trusts and cemetery perpetual care funds during the period in which the allowance of miscellaneous itemized deductions is suspended (i.e., 2018 through 2025).

What's happening now May 13, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1