H.Res. 1015: Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

117th Congress · introduced 2022-03-30 · Taxation · Latest: Referred to the House Committee on Ways and Means.

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Follow this bill, step by step

Where it came from: introduced 2022-03-30 · official record
Who proposed it: Rep. Mann, Tracey [R-KS-1] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

Plain summary

This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

A Yea supports adopting this resolution.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Mann, Tracey [R-KS-1] · 82 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jason Smith (R-MO), Robert E. Latta (R-OH), Daniel Meuser (R-PA), Kat Cammack (R-FL), Ralph Norman (R-SC), Troy Balderson (R-OH), Robert J. Wittman (R-VA), Ted Budd (R-NC), John R. Moolenaar (R-MI), David G. Valadao (R-CA), Michael Cloud (R-TX), Ronny Jackson (R-TX), Don Bacon (R-NE), Richard Hudson (R-NC), Michael Guest (R-MS), Tom Cole (R-OK), Frank D. Lucas (R-OK), Sam Graves (R-MO), James Comer (R-KY), Pete Sessions (R-TX), W. Gregory Steube (R-FL), Jim Costa (D-CA), Michael K. Simpson (R-ID), Earl L. "Buddy" Carter (R-GA), Dusty Johnson (R-SD), Jim Banks (R-IN), Ashley Hinson (R-IA), John W. Rose (R-TN), Ron Estes (R-KS), Randy Feenstra (R-IA), Elise M. Stefanik (R-NY), Austin Scott (R-GA), Mike Bost (R-IL), David Rouzer (R-NC), Tom Emmer (R-MN), Roger Williams (R-TX), Darin LaHood (R-IL), James R. Baird (R-IN), Mary E. Miller (R-IL), Mike Johnson (R-LA), Eric A. "Rick" Crawford (R-AR), August Pfluger (R-TX), Lisa C. McClain (R-MI), Carol D. Miller (R-WV), Gregory F. Murphy (R-NC), Mariannette Miller-Meeks (R-IA) and 22 more.

Sponsor's campaign money: Rep. Mann, Tracey [R-KS-1] reported raising $1.8 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Roll-call vote: A vote where each member's position is recorded by name, so the public can see how every member voted. "Yea" means yes, "Nay" means no, "Present" means the member was there but did not take a side.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hres1015.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hres>

Record fed-us-cong117-hres1015 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117