Amends the Internal Revenue Code to allow the voting interests of disqualified persons to be taken into account in determining a private foundation's voting interest for purposes of the penalty tax on excess business holdings.
Became Public Law No: 98-369.
Committee on Finance requested executive comment from OMB, Treasury Department.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4170.
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