H.R. 11486 — A bill to amend the Internal Revenue Code of 1954 to modify the requirements regarding private operating foundations.

Summary

(Reported to House from the Committee on Ways and Means with amendments, H. Rept. 94-1694)

Amends the Internal Revenue Code to reduce the excise tax on investment income to two percent for any private operating foundation the principal activity of which is the operation of an orphanage.

Full Text

Legislative Actions

1976-01-26
Introduced in House
1976-01-26
Introduced in House
1976-01-26
Referred to House Committee on Ways and Means.
1976-09-27
Reported to House from the Committee on Ways and Means with amendments, H. Rept. 94-1694.
1976-09-27
Reported to House from the Committee on Ways and Means with amendments, H. Rept. 94-1694.

A bill to amend the Internal Revenue Code of 1954 to modify the requirements regarding private operating foundations.

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill