H.R. 1955 — To amend the Internal Revenue Code of 1986 to exempt certain transactions at fair market value between partnerships and private foundations from the tax on self-dealing and to require the Secretary of the Treasury to establish an exemption procedure from such taxes. | PoliFocus
H.R. 1955106th Congress
To amend the Internal Revenue Code of 1986 to exempt certain transactions at fair market value between partnerships and private foundations from the tax on self-dealing and to require the Secretary of the Treasury to establish an exemption procedure from such taxes.
Amends the Internal Revenue Code to: (1) exempt certain transactions at fair market value between partnerships and private foundations from the tax on self-dealing; and (2) require the Secretary of the Treasury to establish a procedure for exemption from such taxes.
Full Text
Legislative Actions
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ask about this bill
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.