S 2475 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to modify the charitable distribution requirements imposed upon foundations.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-10-06)
Plain Language Summary
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Revises the formula for determination of the amount of tax to be imposed on charitable foundations upon their failure to distribute income by changing the method of calculation of the minimum investment return for any private foundation for any taxable year.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
5 Democrats15 Republicans