A bill to amend the Internal Revenue Code of 1954 to reduce the excise tax based on investment income of private foundations.

Summary

Reduces the excise tax imposed on investment income of private foundations by the Internal Revenue Code from four percent to two percent, effective as of the taxable year ending after the date of enactment of this Act.

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

Timeline

1. 19 December 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 19 December 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

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 · 19 December 1975

  Open at official source

Sponsors

• Sen. Bartlett, Dewey F. [R-OK] · R · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.