United States · Bill · S
S. 1514 (108th)
Philanthropy Expansion and Responsibility Act of 2003
Introduced
31 July 2003
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 8/1/2003 S10636)
Sponsors
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Subjects
Discovery layer
Source updated
18 August 2025
Summary
Philanthropy Expansion and Responsibility Act of 2003 - Amends the Internal Revenue Code to reduce from two to one percent the excise tax on the net investment income of private foundations that are exempt from Federal income tax. Increases the self-dealing excise tax on such foundations from five to 25 percent. Modifies provisions concerning the excise tax for the failure of such foundations to distribute income.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 31 July 2003
Introduced in Senate (PDF)
Introduced in Senate · EN · 31 July 2003
Introduced in Senate
summary · EN · 31 July 2003
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/108th-congress/senate-bill/1514
- Open data entity: https://api.congress.gov/v3/bill/108/s/1514