A bill to amend section 4940 of the Internal Revenue Code of 1954 with respect to private operating foundations the principal activity of which is the operation of long-term care facilities.

passedUnited States· United States Congress· EN

Introduced

4 January 1977

Last action

—

Status

Measure passed Senate, amended.

Summary

Amends the Internal Revenue Code to reduce the excise tax imposed on operating foundations whose principle activity is the operation of long-term care facilities, from four to two percent of their net investment income.

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Votes

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Versions

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Documents

2 official files

Passed Senate amended
summary · EN · 23 August 1978
Open at official source
Introduced in House
summary · EN · 4 January 1977
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/112
Open data entity: https://api.congress.gov/v3/bill/95/hr/112