Legis Daily

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.

USA118th CongressHR-5251| House 
| Updated: 8/22/2023
A. Drew Ferguson

A. Drew Ferguson

Republican Representative

Georgia

Cosponsors (6)
Lance Gooden (Republican)Beth Van Duyne (Republican)Young Kim (Republican)Andrew R. Garbarino (Republican)Jodey C. Arrington (Republican)Linda T. Sánchez (Democratic)

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.
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.

Bill from Previous Congress

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.

Bill from Previous Congress

HR 117-8020
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.
Aug 22, 2023
Introduced in House
Aug 22, 2023
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.


  • Bill from Previous Congress

    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.


  • Bill from Previous Congress

    HR 117-8020
    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.


  • August 22, 2023
    Introduced in House


  • August 22, 2023
    Referred to the House Committee on Ways and Means.

Taxation

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.

USA118th CongressHR-5251| House 
| Updated: 8/22/2023
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.

Bill from Previous Congress

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.

Bill from Previous Congress

HR 117-8020
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.
Aug 22, 2023
Introduced in House
Aug 22, 2023
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.


  • Bill from Previous Congress

    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.


  • Bill from Previous Congress

    HR 117-8020
    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.


  • August 22, 2023
    Introduced in House


  • August 22, 2023
    Referred to the House Committee on Ways and Means.
A. Drew Ferguson

A. Drew Ferguson

Republican Representative

Georgia

Cosponsors (6)
Lance Gooden (Republican)Beth Van Duyne (Republican)Young Kim (Republican)Andrew R. Garbarino (Republican)Jodey C. Arrington (Republican)Linda T. Sánchez (Democratic)

Ways and Means Committee

Taxation

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