A bill to amend the Internal Revenue Code of 1954 to provide that a defined contribution plan qualified under section 401(a) will not be a disqualified person with respect to a private foundation merely because it owns more than 20 percent interest in a corporation, partnership or trust which is a substantial contributor to the foundation.

openUnited States· United States Congress· EN

Introduced

9 February 1984

Last action

—

Status

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

Summary

Amends the Internal Revenue Code to provide that a defined contribution plan shall not be treated as a disqualified person with respect to a private foundation because it owns more than a 20 percent interest in a corporation, partnership, or trust which is a substantial contributor to the foundation.

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Documents

1 official file

Introduced in Senate
summary · EN · 9 February 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2306
Open data entity: https://api.congress.gov/v3/bill/98/s/2306