To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.

openUnited States· United States Congress· EN

Introduced

30 January 1995

Last action

12 July 1995 · Committee

Status

Committee Hearings Held.

Sponsors

Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Camp, Dave [R-MI-4], Rep. Conyers, John, Jr. [D-MI-13], Rep. Hoekstra, Peter [R-MI-2], Rep. Engel, Eliot L. [D-NY-16], Rep. Kildee, Dale E. [D-MI-5], Rep. Ehlers, Vernon J. [R-MI-3], Rep. Shays, Christopher [R-CT-4], Rep. Pryce, Deborah [R-OH-15], Rep. Barcia, James A. [D-MI-5], Rep. Linder, John [R-GA-7], Rep. Lofgren, Zoe [D-CA-18], Rep. Smith, Lamar [R-TX-21], Rep. Johnson, Nancy L. [R-CT-5], Rep. Upton, Fred [R-MI-6], Rep. Rivers, Lynn N. [D-MI-13], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Hoke, Martin R. [R-OH-10], Rep. Levin, Sander M. [D-MI-12], Rep. Knollenberg, Joe [R-MI-9], Rep. Chrysler, Dick [R-MI-8], Rep. Sawyer, Tom [D-OH-14], Rep. Inglis, Bob [R-SC-4], Rep. Zimmer, Dick [R-NJ-12], Rep. Rush, Bobby L. [D-IL-1], Rep. Frank, Barney [D-MA-4], Rep. Torkildsen, Peter G. [R-MA-6], Rep. Payne, Lewis F., Jr. [D-VA-5], Sen. Crapo, Mike [R-ID], Rep. English, Phil [R-PA-3], Rep. Spratt, John M., Jr. [D-SC-5], Rep. Crane, Philip M. [R-IL-8], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Ward, Mike [D-KY-3], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Shadegg, John B. [R-AZ-3], Rep. Ramstad, Jim [R-MN-3], Rep. McHugh, John M. [R-NY-23], Rep. Stupak, Bart [D-MI-1], Rep. Stockman, Steve [R-TX-36], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Scott, Robert C. "Bobby" [D-VA-3], Sen. Johnson, Tim [D-SD], Rep. Minge, David [D-MN-2], Rep. Mollohan, Alan B. [D-WV-1]

Subjects

Taxation

Source updated

2 January 2025

Taxation

Official source Download file View documents Share

Summary

Amends the Internal Revenue Code to permit tax-exempt private foundations and community foundations to establish tax-exempt cooperative service organizations to operate exclusively for charitable purposes. Applies the excise taxes on private foundations, except the taxes on investment income and on failure to distribute income, to such organizations.

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

Timeline

30 January 1995
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
30 January 1995
Introduced
Introduced in House
Source: IntroReferral
30 January 1995
Introduced
Introduced in House
Source: IntroReferral
11 July 1995
Committee
Committee Hearings Held.
Source: Committee
12 July 1995
Committee
Committee Hearings Held.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 30 January 1995 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 30 January 1995
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Introduced in House (PDF)
Introduced in House · EN · 30 January 1995
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Introduced in House
summary · EN · 30 January 1995
Open at official source
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Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/104th-congress/house-bill/734
Open data entity: https://api.congress.gov/v3/bill/104/hr/734
us · 104-hr-734 · source updated 2 January 2025