Private Foundation Excise Tax Simplification Act of 2015

Summary

Amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. Excludes the budgetary effects of this Act from PAYGO scorecards.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 9 February 2015

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• Reported in House (PDF)

  Reported in House · EN · 9 February 2015

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• Reported to House amended, Part I

  summary · EN · 9 February 2015

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• Introduced in House (text)

  Introduced in House · EN · 2 February 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 2 February 2015

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• Introduced in House

  summary · EN · 2 February 2015

  Open at official source

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