HR 4746 · 96th Congress · Taxation

A bill to make miscellaneous changes in the tax laws.

Introduced 1979-07-11· Sponsored by Rep. Rostenkowski, Dan [D-IL-8]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-09-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to repeal provisions which require tax-exempt private foundations with assets of $5,000 or more to make annual reports of their receipts and expenditures. Requires that information previously required by such annual reports be included in the foundation's annual tax return. Imposes the same reporting requirements on non tax-exempt charitable trusts and private foundations. Requires that such returns be opened to public inspection and imposes a fine for failure to do so. Permits private foundations to treat as confidential, and not to list on their tax returns, the name and address of any indigent or needy recipient of charitable gifts or grants amounting to $1,000 or less during the taxable year. Permits certain Government officials to accept payment from private foundations of limited traveling expenses between a point in the United States and a point outside the United States without being subject to the tax on self-dealing. Provides that charitable contributions attributable to charitable corporate trusts shall be treated as deductions from gross income for purposes of determining the minimum tax liability for adjusted itemized deductions. Permit…

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

Cosponsors (5)

2 Democrats3 Republicans