S 1745 · 97th Congress · Taxation
A bill to amend the Tax Reform Act of 1969 with respect to the application of the excess business holding provisions to private foundations.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Subcommittee on Taxation and Debt Management. Hearings held.(1981-10-30)
Plain Language Summary
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Amends the Tax Reform Act of 1969 to exempt from the divestiture requirements of the Internal Revenue Code certain private foundations which owned 100 percent of the voting stock in an incorporated business enterprise on May 26, 1969, and which are not managed by the donor of the stock or any family member.…
Summarized by Claude AI · Non-partisan · For informational purposes only