H.R. 13364 — A bill to amend section 4940 of the Internal Revenue Code of 1954 to change the excise tax on the investment income of private foundations from four percent to two percent.

Summary

Decreases the excise tax imposed on each private foundation which is exempt from taxation under the Internal Revenue Code from four percent to two percent of the net investment income of such foundation.

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Related Legislation

H.R. 13838A bill to amend section 4940 of the Internal Revenue Code of 1954 to change the excise tax on the investment income of private foundations from 4 percent to 2 percent.
1976-05-18Referred to House Committee on Ways and Means.
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1976-04-28
Introduced in House
1976-04-28
Introduced in House
1976-04-28
Referred to House Committee on Ways and Means.

A bill to amend section 4940 of the Internal Revenue Code of 1954 to change the excise tax on the investment income of private foundations from four percent to two percent.

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