A bill to amend the Internal Revenue Code of 1954 to provide that the 4-percent excise tax on the net investment income of a private foundation shall not apply to a private foundation organized and operated exclusively as a library, museum, or similar educational institution.

referredUnited States· United States Congress· EN

Introduced

8 May 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides that the excise tax on the net investment income of a private foundation imposed under the Internal Revenue Code shall not apply to a private foundation organized and operated exclusively as a library or museum or similar educational institution.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 8 May 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/6830
Open data entity: https://api.congress.gov/v3/bill/94/hr/6830