A bill to amend section 4945(g) of the Internal Revenue Code of 1954 to make it clear that nothing in that provision authorizes the limitation of the grants awarded by a private Foundation to a fixed percentage of the number of applicants for such grants.

referredUnited States· United States Congress· EN

Introduced

26 January 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that the Secretary of the Treasury may not prescribe regulations which limit the number of education grants by private foundations to specified portions of their applicants in order to qualify as nontaxable expenditures.

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Documents

1 official file

Introduced in House
summary · EN · 26 January 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/2444
Open data entity: https://api.congress.gov/v3/bill/95/hr/2444