To amend the Internal Revenue Code of 1986 to exclude from the value of taxable estates bequests to certain exempt organizations.

Family Business Legacy Act of 2018 This bill amends the Internal Revenue Code, with respect to the estate tax, to allow the value of the taxable estate to be determined by deducting from the value of the gross estate the amount of all bequests, devises, or transfers to or for the use of certain tax-exempt organizations. The deduction allowed by this bill for any transfer may not exceed the value of the transferred property required to be included in the gross estate.