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HR 5251 118th Congress House Taxation

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

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

Introduced: August 22, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Aug 22, 2023
Referred to the House Committee on Ways and Means.
Aug 22, 2023
Introduced in House
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 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).

The bill also revises provisions relating to distributions by cemetery perpetual funds for the care and maintenance of gravesites. The aggregate amount of such distributions may not exceed $25 (adjusted for inflation) multiplied by the aggregate number of such gravesites.

What's happening now August 22, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 1 Republican 5
R
Arrington, Jodey C.
Texas · Dec 18, 2024
 R
Van Duyne, Beth
Texas · Mar 20, 2024
 R
Garbarino, Andrew R.
New York · Feb 28, 2024
 R
Kim, Young
California · Feb 13, 2024
 R
Gooden, Lance
Texas · Dec 14, 2023
 D
Sánchez, Linda T.
California · Aug 22, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5251: To amend the Internal Revenue Code of 1986 to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions, and for other purposes.. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5251/
MLA
"H.R. 5251: To amend the Internal Revenue Code of 1986 to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions, and for other purposes.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5251/.
Bluebook (legal)
H.R. 5251, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5251/.
Markdown link
[H.R. 5251: To amend the Internal Revenue Code of 1986 to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions, and for other purposes.](https://openamerica.io/bill/118-HR-5251/)
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