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Family Business Legacy Act of 2025

5/12/2025, 8:04 PM

Summary of Bill HR 2918

The bill titled "To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations," was introduced in the 119th Congress on April 14, 2025.

Current Status of Bill HR 2918

Bill HR 2918 is currently in the status of Bill Introduced since April 14, 2025. Bill HR 2918 was introduced during Congress 119 and was introduced to the House on April 14, 2025.  Bill HR 2918's most recent activity was Referred to the House Committee on Ways and Means. as of April 14, 2025

Bipartisan Support of Bill HR 2918

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2918

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 2918

To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations.
To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations.

Comments

Lochlan Baxter profile image

Lochlan Baxter

592

10 months ago

I support this bill, but who really benefits from it?