118th Congress Taxation
H.R. 5251: 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.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill allows a tax deduction for the investment advisory expenses of certain funeral trusts and cemetery perpetual care funds during the period in which the allowance of miscellaneous itemized deductions is suspended (i.e., 2018 through 2025).
The bill also revises provisions relating to distributions by cemetery perpetual funds for the care and maintenance of gravesites. The aggregate amount of such distributions may not exceed $25 (adjusted for inflation) multiplied by the aggregate number of such gravesites.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Linda Sánchez D-CAOriginal
- Lance Gooden R-TX
- Young Kim R-CA
- Andrew Garbarino R-NY
- Beth Van Duyne R-TX
- Jodey Arrington R-TX
Who scored on this bill
- 1A. Ferguson SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by A. Ferguson
History
- Introduced in the House by A. Ferguson.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.