A bill to amend the Internal Revenue Code of 1954 to provide special rules for the application of section 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

5 April 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 private foundations.

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Documents

1 official file

Introduced in House
summary · EN · 5 April 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/2399
Open data entity: https://api.congress.gov/v3/bill/98/hr/2399