HR 13362 · 94th Congress · Foundations

A bill to amend the Internal Revenue Code of 1954 to modify the charitable distribution requirements imposed upon foundations.

Introduced 1976-04-28· Sponsored by Rep. Brinkley, Jack [D-GA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-04-28)

Plain Language Summary

[AI summary unavailable — showing source text] Sets the applicable percentage for determining the minimum investment return for purposes of the Internal Revenue Code tax on failure to distribute income by a private foundation at five percent.…

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