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United States · Bill · HR

H.R. 5989 (93rd)

A bill to clarify the exempt status of joint activities of educational organizations under the Internal Revenue Code of 1954.

referredUnited States· United States Congress· EN

Introduced

21 March 1973

Last action

21 March 1973 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Schneebeli, Herman T. [R-PA-17], Rep. Ullman, Al [D-OR-2], Rep. Burke, James A. [D-MA-11], Rep. Griffiths, Martha W. [D-MI-17], Rep. Chamberlain, Charles E. [R-MI-6], Rep. Rostenkowski, Dan [D-IL-8], Rep. Landrum, Phil M. [D-GA-9], Rep. Vanik, Charles A. [D-OH-22], Rep. Clancy, Donald D. [R-OH-2], Rep. Fulton, Richard [D-TN-5], Rep. Burleson, Omar [D-TX-17], Rep. Archer, Bill [R-TX-7], Rep. Corman, James C. [D-CA-21], Rep. Pettis, Jerry L. [R-CA-37], Rep. Green, William J. [D-PA-3], Rep. Carey, Hugh L. [D-NY-15], Rep. Conable, Barber B., Jr. [R-NY-35], Rep. Waggonner, Joe D., Jr. [D-LA-4], Rep. Broyhill, Joel T. [R-VA-10], Rep. Brotzman, Donald G. [R-CO-2], Rep. Karth, Joseph E. [D-MN-4], Rep. Duncan, John J. [R-TN-2]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official sourceView documentsShare

Summary

Provides, under the Internal Revenue Code, that an educational organization shall be treated as an organization organized and operated exclusively for charitable purposes if: (1) such organization is organized and operated solely to perform, on a centralized basis, one or more of the following services which, if performed on its own behalf by a tax exempt organization would constitute activities in exercising or performing the purpose or function constituting the basis for its exemption: computer service, purchasing, warehousing, billing and collection, food, industrial engineering, library, investment, research, laboratory, printing, communications, record center, instructional services, solicitation of financial support, academic personnel, and student services; and (2) such organization is not operated for profit, and amounts payable by such educational institutions for services performed for them are determined on the basis of the amount of services so performed and are intended in each case not to exceed the allocable cost of such services and are not in fact in any case significantly in excess thereof. (Amends 26 U.S.C. 501)

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

Timeline

  1. 21 March 1973

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 21 March 1973

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  3. 21 March 1973

    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

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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