S. 2948 — A bill to amend the Internal Revenue Code of 1954 with respect to the amount which certain private foundations are required to distribute.

Summary

Amends the Internal Revenue Code to eliminate adjusted net income as a standard for determining the amount which a private foundation is required to distribute in a taxable year.

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Related Legislation

H.R. 4753A bill to amend the Internal Revenue Code of 1954 with respect to the amount which certain private foundations are required to distribute.
1979-07-11Referred to House Committee on Ways and Means.
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Legislative Actions

1980-07-22
Introduced in Senate
1980-07-22
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 with respect to the amount which certain private foundations are required to distribute.

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