A bill to amend section 4940 of the Internal Revenue Code of 1954 to reduce the excise tax based on the investment income of private foundations from four percent to two percent.

Summary

Amends the Internal Revenue Code to reduce the excise tax on private foundations' investment income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 December 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 December 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 December 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 15 December 1977

  Open at official source

Sponsors

• Rep. Conable, Barber B., Jr. [R-NY-35] · R · Sponsor
• Rep. Preyer, Richardson [D-NC-6] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend section 4940 of the Internal Revenue Code of 1954 to reduce the excise tax based on the investment income of private foundations from 4 percent to 2 percent.