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United States · Bill · HR

H.R. 14038 (94th)

A bill to amend the Internal Revenue Code of 1954 to modify the charitable distribution requirements imposed upon foundations.

referredUnited States· United States Congress· EN

Introduced

26 May 1976

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Sets the applicable percentage for determining the minimum investment return for purposes of the Internal Revenue Code tax on failure to distribute income by a private foundation at five percent.

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Documents

1 official file

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Sources

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