S 2949 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to the amount which certain private foundations are required to distribute.

Introduced 1980-07-22· Sponsored by Sen. Moynihan, Daniel Patrick [D-NY]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-07-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for an annual inflation adjustment of the net income amount which a private foundation is required to distribute to avoid penalty taxes.…

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