H.R. 6830 — A bill to amend the Internal Revenue Code of 1954 to provide that the 4-percent excise tax on the net investment income of a private foundation shall not apply to a private foundation organized and operated exclusively as a library, museum, or similar educational institution.

Summary

Provides that the excise tax on the net investment income of a private foundation imposed under the Internal Revenue Code shall not apply to a private foundation organized and operated exclusively as a library or museum or similar educational institution.

Full Text

Related Legislation

H.R. 5696A bill to amend the Internal Revenue Code of 1954 to provide that the 4 percent excise tax on the net investment income of a private foundation shall not apply to a private foundation organized and operated exclusively as a library, museum, or similar educational institution.
1975-04-08Referred to House Committee on Ways and Means.
Related

Legislative Actions

1975-05-08
Introduced in House
1975-05-08
Introduced in House
1975-05-08
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to provide that the 4-percent excise tax on the net investment income of a private foundation shall not apply to a private foundation organized and operated exclusively as a library, museum, or similar educational institution.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill