United States · Bill · HR
H.R. 3035 (115th)
Philanthropic Enterprise Act of 2017
Introduced
23 June 2017
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
11 August 2025
Summary
Philanthropic Enterprise Act of 2017 This bill amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meets specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 23 June 2017
Introduced in House (PDF)
Introduced in House · EN · 23 June 2017
Introduced in House
summary · EN · 23 June 2017
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/house-bill/3035
- Open data entity: https://api.congress.gov/v3/bill/115/hr/3035