A bill to provide that certain costs of private foundations in removing hazardous substances shall be treated as qualifying distributions.

Summary

Amends the Internal Revenue Code to provide that in the case of a private foundation the distributable amount shall be reduced (but not below zero) by any amount paid or incurred (or set aside) by such private foundation for the investigatory costs and direct costs of removal or taking remedial action with respect to a hazardous substance released at a facility which was owned or operated by such private foundation. Sets forth limitations.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 April 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 April 1999

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• Introduced in Senate

  summary · EN · 28 April 1999

  Open at official source

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