House Bill 6329
115th Congress(2017-2018)
Family Business Legacy Act of 2018
Introduced
Introduced in House on Jul 10, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6329
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
July 10, 2018
07/10/2018
Referred to the House Committee on Ways and Means.
07/10/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:03 PM