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United States · Bill · S

S. 2740 (97th)

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

openUnited States· United States Congress· EN

Introduced

15 July 1982

Last action

Status

Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Tax Reform Act of 1969 to exempt certain private foundations from the divestiture requirements imposed on private foundations having excess business holdings. Sets forth eligibility requirements for such exemption.

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Documents

1 official file

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Sources

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