S 2829 · 94th Congress · Foundations

A bill to amend the Internal Revenue Code of 1954 to reduce the excise tax based on investment income of private foundations.

Introduced 1975-12-19· Sponsored by Sen. Bartlett, Dewey F. [R-OK]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Reduces the excise tax imposed on investment income of private foundations by the Internal Revenue Code from four percent to two percent, effective as of the taxable year ending after the date of enactment of this Act.…

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