HR 14678 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt the holding of any private foundation in certain public utilities from the tax on excess business holdings.

Introduced 1974-05-08· Sponsored by Rep. Guyer, Tennyson [R-OH-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-05-08)

Plain Language Summary

[AI summary unavailable — showing source text] Excludes the holdings of any private foundation in qualified public utilities from the tax on excess business holdings, provided such a foundation holds more than 50 percent of the voting stock of such corporation, and the gross sales did not exceed $10,000,000.…

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