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Tax deductions for funeral and cemetery trusts; inflation adjustment for care funds.

This bill amends tax laws to benefit trusts managing funeral and cemetery services. It allows them to deduct investment advisory expenses, potentially reducing their tax burden. Additionally, the distribution limit for grave maintenance will be adjusted annually for inflation, which could ensure better financial conditions for these services in the future.
Key points
Funeral and cemetery trusts can deduct investment advisory expenses from their taxes for years 2022-2027, potentially lowering their costs.
The distribution limit for grave maintenance by cemetery perpetual care funds will be automatically adjusted for inflation starting in 2023.
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Status:
Expired
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Additional Information
To amend the Internal Revenue Code of 1986 to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions, and for other purposes.
Print number: HR 8020
Sponsor: Rep. Sánchez, Linda T. [D-CA-38]
Process start date: 2022-06-09
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax deductions for funeral and cemetery trusts; inflation adjustment for care funds.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 8020.

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 2022-06-09.

What are the main provisions?

Key points include:

  • Funeral and cemetery trusts can deduct investment advisory expenses from their taxes for years 2022-2027, potentially lowering their costs.
  • The distribution limit for grave maintenance by cemetery perpetual care funds will be automatically adjusted for inflation starting in 2023.

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 2026-01-02.

Analysis and Potential Impact of HR 8020

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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Taxes