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.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 March 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 21 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 March 2023

   Introduced

   Sponsor introductory remarks on measure. (CR H1332)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 March 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 March 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 March 2023

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 21 March 2023

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  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Mann, Tracey [R-KS-1] · R · Sponsor
• Rep. Costa, Jim [D-CA-21] · D · Sponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Sponsor
• Rep. Craig, Angie [D-MN-2] · D · Sponsor
• Rep. Smith, Adrian [R-NE-3] · R · Sponsor
• Rep. Panetta, Jimmy [D-CA-19] · D · Sponsor
• Rep. Stefanik, Elise M. [R-NY-21] · R · Sponsor
• Rep. Thompson, Glenn [R-PA-15] · R · Sponsor
• Rep. Steel, Michelle [R-CA-48] · R · Sponsor
• Rep. Kustoff, David [R-TN-8] · R · Sponsor
• Rep. Carey, Mike [R-OH-15] · R · Sponsor
• Rep. Feenstra, Randy [R-IA-4] · R · Sponsor
• Rep. Murphy, Gregory F. [R-NC-3] · R · Sponsor
• Rep. Ferguson, A. Drew, IV [R-GA-3] · R · Sponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Sponsor
• Rep. Moore, Blake D. [R-UT-1] · R · Sponsor
• Rep. Johnson, Mike [R-LA-4] · R · Sponsor
• Lisa McClain · R · Sponsor
• Rep. Crawford, Eric A. "Rick" [R-AR-1] · R · Sponsor
• Rep. Wittman, Robert J. [R-VA-1] · R · Sponsor
• Rep. Miller-Meeks, Mariannette [R-IA-1] · R · Sponsor
• Rep. Norman, Ralph [R-SC-5] · R · Sponsor
• Rep. Steube, W. Gregory [R-FL-17] · R · Sponsor
• Rep. Moolenaar, John R. [R-MI-2] · R · Sponsor
• Rep. Moore, Barry [R-AL-1] · R · Sponsor
• Rep. Miller, Max L. [R-OH-7] · R · Sponsor
• Jake LaTurner · R · Sponsor
• Rep. Newhouse, Dan [R-WA-4] · R · Sponsor
• Rep. Miller, Carol D. [R-WV-1] · R · Sponsor
• Rep. Scott, Austin [R-GA-8] · R · Sponsor
• Rep. Ellzey, Jake [R-TX-6] · R · Sponsor
• Rep. Miller, Mary E. [R-IL-15] · R · Sponsor
• Rep. Higgins, Clay [R-LA-3] · R · Sponsor
• Rep. Bergman, Jack [R-MI-1] · R · Sponsor
• Rep. Finstad, Brad [R-MN-1] · R · Sponsor
• Rep. Alford, Mark [R-MO-4] · R · Sponsor
• Rep. Harshbarger, Diana [R-TN-1] · R · Sponsor
• Rep. Fischbach, Michelle [R-MN-7] · R · Sponsor
• Rep. Reschenthaler, Guy [R-PA-14] · R · Sponsor
• Rep. Guest, Michael [R-MS-3] · R · Sponsor
• Rep. Franklin, Scott [R-FL-18] · R · Sponsor
• Rep. LaHood, Darin [R-IL-16] · R · Sponsor
• Rep. Johnson, Dusty [R-SD-At Large] · R · Sponsor
• Rep. Hinson, Ashley [R-IA-2] · R · Sponsor
• Rep. Rosendale Sr., Matthew M. [R-MT-2] · R · Sponsor
• Rep. LaMalfa, Doug [R-CA-1] · R · Sponsor
• Rep. Davidson, Warren [R-OH-8] · R · Sponsor
• John Duarte · R · Sponsor

Showing 48 of 81 sponsors and actors.

Related records

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