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United States · Bill · S

S. 2475 (94th)

A bill to amend the Internal Revenue Code of 1954 to modify the charitable distribution requirements imposed upon foundations.

referredUnited States· United States Congress· EN

Introduced

6 October 1975

Last action

6 October 1975 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Curtis, Carl T. [R-NE], Sen. Mansfield, Mike [D-MT], Sen. Scott, Hugh [R-PA], Sen. Hruska, Roman L. [R-NE], Sen. Fannin, Paul J. [R-AZ], Sen. Fong, Hiram L. [R-HI], Sen. Taft, Robert, Jr. [R-OH], Sen. Thurmond, Strom [R-SC], Sen. Bartlett, Dewey F. [R-OK], Sen. Hansen, Clifford P. [R-WY], Sen. McClure, James A. [R-ID], Sen. Griffin, Robert P. [R-MI], Sen. Baker, Howard H., Jr. [R-TN], Sen. Brooke, Edward W. [R-MA], Sen. Gravel, Mike [D-AK], Sen. Hart, Philip A. [D-MI], Sen. Inouye, Daniel K. [D-HI], Sen. McGee, Gale W. [D-WY], Sen. Percy, Charles H. [R-IL], Sen. Stevens, Ted [R-AK], Sen. Bayh, Birch [D-IN], Sen. Church, Frank [D-ID], Sen. Dole, Robert J. [R-KS], Sen. Goldwater, Barry [R-AZ], Sen. Humphrey, Hubert H. [D-MN], Sen. McGovern, George [D-SD], Sen. Packwood, Bob [R-OR], Sen. Randolph, Jennings [D-WV], Sen. Tower, John G. [R-TX], Sen. Case, Clifford P. [R-NJ], Sen. Moss, Frank E. [D-UT], Sen. McIntyre, Thomas J. [D-NH], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Bumpers, Dale [D-AR], Sen. Ribicoff, Abraham A. [D-CT], Sen. Hatfield, Mark O. [R-OR], Sen. Stevenson, Adlai E., III [D-IL]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official sourceView documentsShare

Summary

Revises the formula for determination of the amount of tax to be imposed on charitable foundations upon their failure to distribute income by changing the method of calculation of the minimum investment return for any private foundation for any taxable year.

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

Timeline

  1. 6 October 1975

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 6 October 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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