A bill to amend the Internal Revenue Code of 1954 with respect to the amount which certain private foundations are required to distribute.

Summary

Amends the Internal Revenue Code to eliminate adjusted net income as a standard for determining the amount which a private foundation is required to distribute to avoid the tax on undistributed income.

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

Timeline

1. 19 February 1981

   Committee

   Subcommittee on Energy and Agricultural Taxation took the following actions.

   Source: Committee

2. 19 February 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

3. 19 February 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 20 February 1981

   Committee

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

   Source: Committee

5. 27 March 1981

   Committee

   Subcommittee on Energy and Agricultural Taxation. Hearings held.

   Source: Committee

6. 30 March 1981

   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 · 19 February 1981

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Mitchell, George J. [D-ME] · D · Sponsor
• Sen. Bradley, Bill [D-NJ] · D · Cosponsor
• · ssfi00 · Standing

Related records

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