HR 4691 · 113th Congress · Taxation
Private Foundation Excise Tax Simplification Act of 2014
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 370.(2014-06-26)
Plain Language Summary
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Amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4691, Private Foundation Excise Tax Simplification Act of 2014
Jun 5, 2014As ordered reported by the House Committee on Ways and Means on May 29, 2014
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office