H.R. 13838 — 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 4 percent to 2 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.

Full Text

Related Legislation

H.R. 13364A 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.
1976-04-28Referred to House Committee on Ways and Means.
Related

Legislative Actions

1976-05-18
Introduced in House
1976-05-18
Introduced in House
1976-05-18
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 4 percent to 2 percent.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill