Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

H. Res. 237 · 118th Congress · Mar 21, 2023 · Lineage

RESOLUTION

That the House of Representatives—

(1)

supports the preservation of the stepped-up basis;

(2)

opposes any efforts to impose new taxes on family farms or small businesses; and

(3)

recognizes the importance of generational transfers of farm and family-owned business operations.

Lineage

Mar 21, 2023viewing Introduced in House Mr. Mann (for himself, Mr. Costa, Mr. Latta, Ms. Craig, Mr. Smith of Nebraska, Mr. Panetta, Ms. Stefanik, Mr. Thompson of Pennsylvania, Mrs. Steel, Mr. Kustoff, Mr. Carey, Mr. Feenstra, Mr. Murphy, Mr. Ferguson, Ms. Tenney, Mr. Moore of Utah, Mr. Johnson of Louisiana, Mrs. McClain, Mr. Crawford, Mr. Wittman, Mrs. Miller-Meeks, Mr. Norman, Mr. Steube, Mr. Moolenaar, Mr. Moore of Alabama, Mr. Miller of Ohio, Mr. LaTurner, Mr. Newhouse, Mrs. Miller of West Virginia, Mr. Austin Scott of Georgia, Mr. Ellzey, Mrs. Miller of Illinois, Mr. Higgins of Louisiana, Mr. Bergman, Mr. Finstad, Mr. Alford, Mrs. Harshbarger, Mrs. Fischbach, Mr. Reschenthaler, Mr. Guest, Mr. C. Scott Franklin of Florida, Mr. LaHood, Mr. Johnson of South Dakota, Mrs. Hinson, Mr. Rosendale, Mr. LaMalfa, Mr. Davidson, Mr. Duarte, Mrs. Cammack, Mr. Jackson of Texas, Mr. Kelly of Mississippi, Mr. Duncan, Mrs. Spartz, Mr. Meuser, Mrs. Wagner, Mr. Bucshon, Mr. Nunn of Iowa, Mr. Bacon, Mr. Sessions, Mr. Lucas, Mr. Fry, Mr. Baird, and Ms. Jackson Lee) submitted the following resolution; which was referred to the Committee on Ways and Means