HR 2918
Family Business Legacy Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:43 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Family Business Legacy Act of 2025, amends the Internal Revenue Code to change how bequests to certain non-profit organizations are treated when calculating an estate's value for estate tax purposes. Specifically, it proposes to exclude bequests made to organizations exempt from tax under section 501(a) – such as charities and foundations – from the value of the taxable estate. This aims to provide greater flexibility for families to support these organizations without significantly impacting their estate tax liability.
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