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.

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.

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

Timeline

1. 19 May 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 19 May 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 May 1975

   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 · 19 May 1975

  Open at official source

Sponsors

• Rep. Koch, Edward I. [D-NY-18] · D · Sponsor
• Rep. Holtzman, Elizabeth [D-NY-16] · D · Cosponsor
• Rep. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → 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.