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Tax Deductions for Funeral and Cemetery Trusts

This bill allows funeral and cemetery trusts to deduct investment advisory expenses from their taxes. This could lead to lower tax burdens for these trusts, potentially impacting the costs of funeral services and cemetery maintenance. The changes are effective from 2021 through the end of 2026.
Key points
Funeral and cemetery trusts can deduct investment advisory expenses from taxes.
The change aims to reduce financial burdens for these trusts.
Provisions are effective for tax years from 2021 to 2026.
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Expired
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Additional Information
Print number: 117_HR_4333
Sponsor: Rep. Sánchez, Linda T. [D-CA-38]
Process start date: 2021-07-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4333.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-01.

What are the main provisions?

Key points include:

  • Funeral and cemetery trusts can deduct investment advisory expenses from taxes.
  • The change aims to reduce financial burdens for these trusts.
  • Provisions are effective for tax years from 2021 to 2026.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sánchez, Linda T. [D-CA-38].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes