A bill to amend the Internal Revenue Code of 1954 to exempt the holding of any private foundation in certain public utilities from the tax on excess business holdings.

referredUnited States· United States Congress· EN

Introduced

8 May 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Excludes the holdings of any private foundation in qualified public utilities from the tax on excess business holdings, provided such a foundation holds more than 50 percent of the voting stock of such corporation, and the gross sales did not exceed $10,000,000.

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Documents

1 official file

Introduced in House
summary · EN · 8 May 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/14678
Open data entity: https://api.congress.gov/v3/bill/93/hr/14678