HR 8344 · 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 4 percent to 2 percent.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-07-15)
Plain Language Summary
[AI summary unavailable — showing source text]
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