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

Summary

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

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

Timeline

1. 15 July 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 15 July 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 19 July 1982

   Committee

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

   Source: Committee

4. 23 September 1982

   Committee

   Subcommittee on Taxation and Debt Management. Hearings held.

   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 · 15 July 1982

  Open at official source

Sponsors

• Sen. Hayakawa, Samuel Ichiye [R-CA] · R · Sponsor
• Sen. Cranston, Alan [D-CA] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holdings provisions to private foundations.
• related to → A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holdings provisions to private foundations.