S 902 · 94th Congress · Foundations

A bill to amend the required charitable distributions by private foundations under the Internal Revenue Code of 1954.

Introduced 1975-03-03· Sponsored by Sen. Curtis, Carl T. [R-NE]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-03-03)

Plain Language Summary

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to decrease to 5 percent the applicable percentage for determining the tax on private foundations for failure to distribute income.…

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