HR 6873 · 97th Congress · Taxation

A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holdings provisions to private foundations.

Introduced 1982-07-27· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-07-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tax Reform Act of 1969 to exempt for ten years certain private foundations from the divestiture requirements imposed on private foundations having excess business holdings. Sets forth eligibility requirements for such exemption.…

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