S. 2740 — A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holding provisions to private foundations.

Summary

Amends the Tax Reform Act of 1969 to exempt certain private foundations from the divestiture requirements imposed on private foundations having excess business holdings. Sets forth eligibility requirements for such exemption.

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Legislative Actions

1982-07-15
Introduced in Senate
1982-07-15
Read twice and referred to the Committee on Finance.
1982-07-19
Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.

A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holding provisions to private foundations.

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Summary

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