A bill to provide special rules for the application of sections 4942 and 4943 of the Internal Revenue Code of 1954 to any private foundation the principal asset of which is a bank holding company.

referredUnited States· United States Congress· EN

Introduced

23 March 1983

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides special rules for determining whether a private foundation's ownership interest in a bank holding company qualifies as an interest in a business enterprise, for purposes of the penalty tax on the excess business holdings of a private foundations. Extends the period for the required distribution of private foundation income for taxable years ending on or after June 30, 1974.

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Documents

1 official file

Introduced in House
summary · EN · 23 March 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/2269
Open data entity: https://api.congress.gov/v3/bill/98/hr/2269