H.R.4274 To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including state and local property and income taxes, to limit the step-up in basis allowed in the case of property acquired from a decedent, and to deem a sale on any contribution of property to a private foundation.
Sponsored by Josh Gottheimer (D). Introduced on 2019-09-10 in the House Ways and Means Committee. The last major action was Referred to the House Committee on Ways and Means which took place on 2019-09-10.
The full legislation document not yet available.
This legislation was co-sponsored by Lee Zeldin (R).
09/10/2019 - Referred to the House Committee on Ways and Means.