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.
Expressing support for the designation of March 18, 2025, as "National Agriculture Day" and celebrating the importance of agriculture as one of the most impactful industries in the United States.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to Rules for Supervisory Approval of Penalties.