HR 13839 · 94th Congress · Taxation

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

Introduced 1976-05-18· 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.(1976-05-18)

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

Cosponsors (1)

1 Republican
Rep. Treen, David C. [R-LA-3]