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United States · Bill · S

S. 793 (104th)

A bill to amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.

referredUnited States· United States Congress· EN

Introduced

11 May 1995

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

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. Applies the excise taxes on private foundations, except the taxes on investment income and on failure to distribute income, to such organizations.

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Votes

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Versions

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Documents

3 official files

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Sources

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