Amends the Internal Revenue Code to allow the voting interest of disqualified persons to be taken into account in determining a private foundation's voting interest in a business enterprise for purposes of the penalty tax on excess business holdings.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, Treasury Department.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line