United States · Bill · HR
H.R. 2386 (115th)
Private Foundation Excise Tax Simplification Act of 2017
Introduced
4 May 2017
Last action
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Status
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsors
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Subjects
Discovery layer
Source updated
11 August 2025
Summary
Private Foundation Excise Tax Simplification Act of 2017 This bill amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 4 May 2017
Introduced in House (PDF)
Introduced in House · EN · 4 May 2017
Introduced in House
summary · EN · 4 May 2017
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/house-bill/2386
- Open data entity: https://api.congress.gov/v3/bill/115/hr/2386