HRES 237
118th Congress
House
Taxation
Capital gains tax
Farmland
Small business
Tax administration and collection, taxpayers
Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Agreed to (House)
Mar 23, 2023
Sponsor introductory remarks on measure. (CR H1332)
Mar 21, 2023
Referred to the House Committee on Ways and Means.
Mar 21, 2023
Introduced in House
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Plain-English summary
This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.
What's happening now
Sponsor introductory remarks on measure. (CR H1332)
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
79
R
Steil, Bryan
R
Kelly, Mike
R
Graves, Sam
R
Cloud, Michael
R
Van Orden, Derrick
R
Fulcher, Russ
R
Rose, John W.
R
Lawler, Michael
R
Bost, Mike
R
Cline, Ben
Good, Bob
R
Balderson, Troy
Wenstrup, Brad
R
Bice, Stephanie I.
R
DesJarlais, Scott
R
Green, Mark E.
Johnson, Bill
R
Alford, Mark
R
Bacon, Don
R
Baird, James R.
R
Bergman, Jack
Bucshon, Larry
R
Cammack, Kat
R
Carey, Mike
D
Costa, Jim
D
Craig, Angie
R
Crawford, Eric A. "Rick"
R
Davidson, Warren
Duarte, John
Duncan, Jeff
R
Ellzey, Jake
R
Feenstra, Randy
Ferguson, A.
R
Finstad, Brad
R
Fischbach, Michelle
R
Franklin, Scott
R
Fry, Russell
R
Guest, Michael
R
Harshbarger, Diana
R
Higgins, Clay
R
Hinson, Ashley
R
Jackson, Ronny
Jackson Lee, Sheila
R
Johnson, Dusty
R
Johnson, Mike
R
Kelly, Trent
R
Kustoff, David
R
LaHood, Darin
R
LaMalfa, Doug
R
Latta, Robert E.
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Cite this page
U.S. Congress. (2026). H. Res. 237: Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.. 118th Congress. Open America. https://openamerica.io/bill/118-HRES-237/
"H. Res. 237: Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HRES-237/.
H. Res. 237, 118th Cong. (2026), https://openamerica.io/bill/118-HRES-237/.
[H. Res. 237: Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.](https://openamerica.io/bill/118-HRES-237/)