HRES. 206In Committee
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.
Expresses support for preserving stepped-up basis tax treatment for inherited assets to protect family-owned farms and small businesses during generational transfers
Plain-English overview
What this bill does
Expresses support for preserving stepped-up basis tax treatment for inherited assets to protect family-owned farms and small businesses during generational transfers
Key points
- Express support for stepped up basis
Current status
Where it stands
Status
In Committee
Latest action
2025-03-10 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation