Referred to the House Committee on Ways and Means.
This House resolution expresses support for retaining the stepped-up basis rule in Internal Revenue Code section 1014. It states that stepped-up basis helps preserve generational transfers of family farms and small businesses, opposes new taxes on those operations, and recognizes the importance of intergenerational business succession.
Progressives view preservation as preserving wealth advantages
Relative to its intended legislative type, this resolution is a concise, well-formed symbolic expression that clearly states a position and grounds it with basic factual citations, while appropriately omitting implementation, fiscal, and enforcement detail that would be expected only in substantive legislation.
This House resolution expresses support for retaining the stepped-up basis rule in Internal Revenue Code section 1014.
It states that stepped-up basis helps preserve generational transfers of family farms and small businesses, opposes new taxes on those operations, and recognizes the importance of intergenerational business succession.
The resolution is non‑binding and primarily declaratory in nature.
As a non-binding House resolution, it does not create law; it is primarily a messaging vehicle with minimal path to statutory effect.
Relative to its intended legislative type, this resolution is a concise, well-formed symbolic expression that clearly states a position and grounds it with basic factual citations, while appropriately omitting implementation, fiscal, and enforcement detail that would be expected only in substantive legislation.
Progressives view preservation as preserving wealth advantages
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives view preservation as preserving wealth advantages
Likely skeptical of a blanket defense of stepped-up basis because it can shield large, inherited wealth from capital gains taxation.
Supportive of protecting small farms and family businesses, but prefers targeted exceptions rather than preserving the rule universally.
Treats the resolution as a narrowly focused, symbolic statement prioritizing stability for family farms and small businesses.
Sees merit in preserving succession tools but wants careful, evidence‑based tax policy and clear definitions of who qualifies.
Strongly favorable: views the resolution as protecting property rights, family ownership, and rural livelihoods by opposing new taxes on generational transfers.
Sees stepped-up basis as essential for preventing forced sales and preserving small businesses.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
As a non-binding House resolution, it does not create law; it is primarily a messaging vehicle with minimal path to statutory effect.
The bill has not accumulated any surfaced votes yet.
Progressives view preservation as preserving wealth advantages
As a non-binding House resolution, it does not create law; it is primarily a messaging vehicle with minimal path to statutory effect.
Relative to its intended legislative type, this resolution is a concise, well-formed symbolic expression that clearly states a position and grounds it with basic factual citations, while appropriately omitting implement…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.