S. 1464 — 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 from private foundation divestiture rules a certain private foundation owning 100 percent of the stock of a hotel corporation on May 26, 1969. Specifies additional requirements which the foundation and corporation must meet to qualify for the exemption.

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Legislative Actions

1983-06-14
Introduced in Senate
1983-06-14
Read twice and referred to the Committee on Finance.
1983-06-17
Committee on Finance requested executive comment from OMB, Treasury Department.
1983-08-01
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.

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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