A bill to amend the Internal Revenue Code of 1954 to make certain changes in the tax treatment of private foundations.

Summary

Amends the Internal Revenue Code to allow a private foundation established prior to 1939 whose holdings were mostly acquired by gift or bequest prior to 1965, and which is primarily engaged in manufacturing in a specified locality to maintain the current level of its business holdings on January 1, 1983 without incurring a penalty tax on excess business holdings.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 June 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 June 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 June 1983

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 28 June 1983

  Open at official source

Sponsors

• Rep. Frenzel, Bill [R-MN-3] · R · Sponsor
• · hswm00 · Standing

Related records

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