HR 16199 · 93th Congress · Taxation

A bill to amend section 4945 (g) of the Internal Revenue Code of 1954 to make it clear that nothing in that provisions authorizes the limitation of the grants awarded by a private foundation to a fixed percentage of the number of applicants for such grants.

Introduced 1974-07-31· Sponsored by Rep. Kemp, Jack [R-NY-38]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Prohibits, under the Internal Revenue Code, the limitation of the grants awarded by a private foundation to a fixed percentage of the number of applicants for such grants. (Amends 26 U.S.C. 4945 (g)).…

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