S 2348 · 94th Congress · Foundations
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 4 percent to 2 percent.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-09-16)
Plain Language Summary
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Changes the excise tax imposed on the investment income of private foundations under the Internal Revenue Code from four percent to two percent.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
2 Democrats10 Republicans