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United States · Bill · HR

H.R. 6184 (97th)

A bill to provide that the Federal tax on excess business holdings of private foundations shall not apply in certain cases.

referredUnited States· United States Congress· EN

Introduced

28 April 1982

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to exempt from the tax on excess business holdings of private foundations any such foundation holding stock or other interests in certain insurance companies. Requires that such insurance companies must: (1) have admitted assets of over $1,300,000; (2) have a headquarters located in the community where it was located on January 1, 1982; and (3) employ at its headquarters not less than 80 percent of the individuals employed on January 1, 1982.

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Documents

1 official file

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Sources

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