HR 13364 · 94th Congress · Taxation

A bill to amend section 4940 of the Internal Revenue Code of 1954 to change the excise tax on the investment income of private foundations from four percent to two percent.

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] Decreases the excise tax imposed on each private foundation which is exempt from taxation under the Internal Revenue Code from four percent to two percent of the net investment income of such foundation.…

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