HR 1955 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exempt certain transactions at fair market value between partnerships and private foundations from the tax on self-dealing and to require the Secretary of the Treasury to establish an exemption procedure from such taxes.

Introduced 1999-05-26· Sponsored by Rep. Campbell, Tom [R-CA-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-05-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) exempt certain transactions at fair market value between partnerships and private foundations from the tax on self-dealing; and (2) require the Secretary of the Treasury to establish a procedure for exemption from such taxes.…

Summarized by Claude AI · Non-partisan · For informational purposes only