HR 199 · 108th Congress · Taxation

To amend the Internal Revenue Code of 1986 to repeal the 2 percent excise tax on the net investment income of tax-exempt foundations.

Introduced 2003-01-07· Sponsored by Rep. Stearns, Cliff [R-FL-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2003-01-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to repeal the two percent excise tax on the net investment income of tax-exempt foundations.…

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

Cosponsors (20)

2 Democrats18 Republicans
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Boehner, John A. [R-OH-8]OH
Rep. Burr, Richard [R-NC-5]NC
Rep. Forbes, J. Randy [R-VA-4]VA
Rep. Hefley, Joel [R-CO-5]CO
Rep. Isakson, Johnny [R-GA-6]GA
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. LaHood, Ray [R-IL-18]IL
Rep. Leach, James A. [R-IA-2]IA
Rep. Lewis, Ron [R-KY-2]KY
Rep. Otter, C. L. (Butch) [R-ID-1]ID
Rep. Paul, Ron [R-TX-14]TX
Rep. Price, David E. [D-NC-4]NC
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Schrock, Edward L. [R-VA-2]VA
Rep. Shimkus, John [R-IL-19]IL
Rep. Simmons, Rob [R-CT-2]CT
Rep. Wilson, Joe [R-SC-2]SC
Rep. Brown-Waite, Ginny [R-FL-5]FL