To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers. The main policy domain is Social Welfare.
Who Benefits and How
families, benefit recipients, nonprofits, and service providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, families, benefit recipients, nonprofits, and service providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HA92BCE7D4A554FDA9AAFDD3C0B3888C7: 1. Short title This Act may be cited as the Family Business Legacy Act of 2025.
- Section HB4F62D5FAC234D5DA2310644476384F0: 2. Exclusion of bequests to certain exempt organizations from value of taxable estate Part IV of subchapter A of chapter 11 of the Internal Revenue Code of...
- Section H14E8C28D75014DFDBE8C67E5E186F664: 2059. Bequests to certain exempt organizations For purposes of the tax imposed by section 2001, the value of the taxable estate shall be determined by...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers.
Key Policy Areas
Social Welfare
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers.
Policy Domains
Whole bill
Identified Gains
- families, benefit recipients, nonprofits, and service providers
Identified Costs
- federal implementing agencies
- families, benefit recipients, nonprofits, and service providers
Sponsors
Legislative Progress
IntroducedMr. Steube (for himself and Mr. McCormick) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology