A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holding provisions to private foundations.

Summary

Amends the Tax Reform Act of 1969 to exempt from private foundation divestiture rules a certain 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.

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

Timeline

1. 14 June 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 June 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 17 June 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

4. 1 August 1983

   Committee

   Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 14 June 1983

  Open at official source

Sponsors

• Sen. Armstrong, William L. [R-CO] · R · Sponsor
• Sen. Hart, Gary W. [D-CO] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.