United States · Bill · S
S. 1291 (99th)
A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holding provisions to private foundations.
Introduced
12 June 1985
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Tax Reform Act of 1969 to exempt from private foundation divestiture rules any private foundation owning 100 percent of the stock of a hotel corporation on May 26, 1969. Specifies additional requirements which the foundation and corporation must meet to qualify for the exemption.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 12 June 1985
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1291
- Open data entity: https://api.congress.gov/v3/bill/99/s/1291