S 2921 · 95th Congress · Taxation

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

Introduced 1978-04-17· Sponsored by Sen. Bartlett, Dewey F. [R-OK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce from four percent to two percent the excise tax on private foundations' investment income.…

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

Cosponsors (1)

1 Republican
Sen. Bellmon, Henry L. [R-OK]