The Family Business Legacy Act of 2025 amends the federal tax code to allow estates to exclude certain charitable bequests from estate taxes. Specifically, the bill lets families deduct gifts left to qualified charitable organizations—such as civic leagues, social welfare organizations, and labor unions—from the total value of their taxable estate, potentially reducing what heirs owe in federal estate taxes. The legislation applies to estates of people who die after December 31, 2025, and includes provisions to prevent double-deductions and ensure that taxes paid out of charitable bequests are properly accounted for. This change is designed to encourage wealthy families to leave money to charitable causes without facing increased estate tax burdens, though the bill does not specify any dedicated funding since it works through the tax code rather than appropriations.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.