HR 10300 · 95th Congress · Taxation
A bill to amend section 4940 of the Internal Revenue Code of 1954 to reduce the excise tax based on the investment income of private foundations from four percent to two percent.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-12-15)
Plain Language Summary
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Amends the Internal Revenue Code to reduce the excise tax on private foundations' investment income.…
Summarized by Claude AI · Non-partisan · For informational purposes only