A bill to amend the Internal Revenue Code of 1986 with respect to the tax treatment of certain cooperative service organizations of private and community foundations.

referredUnited States· United States Congress· EN

Introduced

7 March 1991

Last action

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Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to permit tax-exempt private foundations and community foundations to establish tax-exempt cooperative service organizations to operate exclusively for charitable purposes. Declares that the excise tax based on investment income applies to such organizations.

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Votes

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Versions

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Documents

2 official files

Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 7 March 1991
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/588
Open data entity: https://api.congress.gov/v3/bill/102/s/588