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.
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
The bill adds or tightens a trade restriction provision: That the House of Representatives— supports the preservation of the stepped-up basis; opposes any efforts to impose new taxes on family farms or small businesses. It relies on trade restrictions. The main policy areas are Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a trade restriction provision: That the House of Representatives— supports the preservation of the stepped-up basis; opposes any efforts to impose new taxes on family farms or small businesses...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a trade restriction provision: That the House of Representatives— supports the preservation of the stepped-up basis; opposes any efforts to impose new taxes on family farms or small businesses.
Key Policy Areas
Finance
Primary Purpose
The bill adds or tightens a trade restriction provision: That the House of Representatives— supports the preservation of the stepped-up basis; opposes any efforts to impose new taxes on family farms or small businesses.
Policy Domains
Sponsors
Legislative Progress
In CommitteeMr. Mann (for himself, Mr. Costa, Mr. Panetta, Ms. Craig, …
Referred to the House Committee on Ways and Means.
Submitted in House
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