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H.R. 4953 — Private Foundation Excise Tax Simplification Act of 2019 | PoliFocus

H.R. 4953116th Congress

Private Foundation Excise Tax Simplification Act of 2019

To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.

Sponsors

Rep. Davis, Danny K. [D-IL-7]

2 cosponsors

Subjects

Taxation

Summary

Private Foundation Excise Tax Simplification Act of 2019

This bill reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.

Full Text

Related Legislation

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2020-01-21Placed on the Union Calendar, Calendar No. 300.
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S. 1475Charities Helping Americans Regularly Throughout the Year Act of 2019
2019-05-15Read twice and referred to the Committee on Finance. (text: CR S2887-2888)
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H.R. 3259Charities Helping Americans Regularly Throughout the Year Act of 2019
2019-06-13Referred to the House Committee on Ways and Means.
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Legislative Actions

2019-10-31
Introduced in House
2019-10-31
Introduced in House
2019-10-31
Referred to the House Committee on Ways and Means.

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