# 119-hr-2918: Family Business Legacy Act of 2025

119-hr-2918, Family Business Legacy Act of 2025, is a 119th Congress bill sponsored by Rep. Steube, W. Gregory [R-FL-17] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2918
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2918
- Congress: 119
- Title: Family Business Legacy Act of 2025
- Status: introduced
- Introduced: 2025-04-14
- Sponsor: Rep. Steube, W. Gregory [R-FL-17] (R-FL)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates an estate tax deduction for bequests to certain tax-exempt organizations.** This bill would let estates subtract gifts to organizations exempt under section 501(a) and described in paragraph (4), (5), or (6) of section 501(c) when calculating the taxable estate. - Estates and families: Estates that leave property to the specified organizations could reduce their taxable estate, which may lower estate tax owed. The rule applies to decedents dying or transfers made after December 31, 2025. - Tax-exempt organizations: Bequests to organizations described in 501(c)(4), (5), or (6) would be treated as deductible for estate-tax calculation, making such gifts more tax-favored for donors. - Estate administration and valuation: The deduction cannot exceed the value included in the gross estate and is reduced if death taxes are paid out of the bequest. An anti-abuse rule disallows deductions for split transfers unless the interest is a qualified interest valued under section 7520, and property included under powers of appointment is treated as a bequest for these rules.

## Cosponsors (1)

- Rep. McCormick, Richard [R-GA-7] (R-GA), 2025-04-14T00:00:00.000Z

## Provisions PRIA read

- Estate tax break for certain nonprofit bequests: benefit, high. This bill would let estates deduct bequests to certain tax‑exempt groups (501(c)(4), (5), or (6)). The deduction could not be larger than the value included in the estate. If estate or inheritance taxes are paid out of those bequests, the deduction would be reduced by those taxes. If the same prope…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-2395: SHORT Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-21: Born-Alive Abortion Survivors Protection Act

## Sources
- [119-hr-2918 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2918)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-2395: SHORT Act](https://policyrisk.com/legislation/119-hr-2395)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2918 (as of 2025-12-21).