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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.

USA117th CongressHR-8020| House 
| Updated: 6/9/2022
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (1)
A. Drew Ferguson (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-6856
To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.
Jun 9, 2022
Introduced in House
Jun 9, 2022
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-6856
    To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.


  • June 9, 2022
    Introduced in House


  • June 9, 2022
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-4333: To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.

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.

USA117th CongressHR-8020| House 
| Updated: 6/9/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-6856
To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.
Jun 9, 2022
Introduced in House
Jun 9, 2022
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-6856
    To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.


  • June 9, 2022
    Introduced in House


  • June 9, 2022
    Referred to the House Committee on Ways and Means.
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (1)
A. Drew Ferguson (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 117-4333: To amend the Internal Revenue Code of 1986 is amended to allow a deduction for investment advisory expenses of certain funeral and cemetery trusts during suspension of miscellaneous itemized deductions.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted