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

referredUnited States· United States Congress· EN

Introduced

28 April 1976

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Decreases the excise tax imposed on each private foundation which is exempt from taxation under the Internal Revenue Code from four percent to two percent of the net investment income of such foundation.

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Documents

1 official file

Introduced in House
summary · EN · 28 April 1976
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/13364
Open data entity: https://api.congress.gov/v3/bill/94/hr/13364