Bill > HR7087

This bill, titled the "Grave Injustice Parity Act," amends the Internal Revenue Code of 1986 to allow for tax deductions on transfers from estates or gifts made to certain non-profit cemeteries. Specifically, it expands the types of charitable organizations to which tax-deductible contributions can be made, including cemetery companies that are exclusively for the benefit of their members and are not operated for profit, meaning no private individuals benefit from their earnings. This change aims to provide parity with existing deductions for other charitable organizations and applies to taxable years beginning after the bill's enactment. Additionally, the bill clarifies that distributions from private foundations to these qualifying cemetery companies are not considered taxable expenditures or failures to distribute income, further encouraging support for such entities.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/7087/all-info