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Estate Tax Deduction Expanded for Bequests to Non-Charitable Exempt Groups.

This bill introduces a new deduction for federal estate tax purposes. It allows the value of assets left to specific tax-exempt organizations—such as civic leagues, business associations, or labor groups—to be subtracted from the taxable estate. This change aims to reduce the estate tax burden when family assets are transferred to these organizations, applying to deaths and transfers occurring after December 31, 2025.
Key points
Expanded Estate Tax Relief: Allows estates to deduct the value of assets bequeathed to certain non-charitable, tax-exempt organizations (501(c)(4), (5), and (6) groups).
Reduced Taxable Estate: This lowers the total value of the estate subject to federal estate tax, potentially reducing or eliminating the estate tax liability for wealthy families.
Support for Non-Profits: Facilitates the transfer of significant assets to specific non-profit entities that are not traditional charities (501(c)(3) organizations).
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Introduced
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Additional Information
Print number: 119_HR_2918
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2025-04-14
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OFFICIAL LEGAL TITLE

Family Business Legacy Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2918.

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 2025-04-14.

What are the main provisions?

Key points include:

  • Expanded Estate Tax Relief: Allows estates to deduct the value of assets bequeathed to certain non-charitable, tax-exempt organizations (501(c)(4), (5), and (6) groups).
  • Reduced Taxable Estate: This lowers the total value of the estate subject to federal estate tax, potentially reducing or eliminating the estate tax liability for wealthy families.
  • Support for Non-Profits: Facilitates the transfer of significant assets to specific non-profit entities that are not traditional charities (501(c)(3) organizations).
What is the specific legal status?

The current status is Introduced.

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. Steube, W. Gregory [R-FL-17].

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 2025-12-24.

CATEGORIES

Taxes Economy