Family Business Legacy Act of 2018

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.

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Timeline

1. 10 July 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 July 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 July 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 July 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 July 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 July 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 July 2018

  Open at official source

Sponsors

• Kristi Noem · R · Sponsor
• Rep. Smith, Jason [R-MO-8] · R · Sponsor
• · hswm00 · Standing

Related records

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