S 2740 · 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.

Introduced 1982-07-15· Sponsored by Sen. Boren, David L. [D-OK]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.(1982-07-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tax Reform Act of 1969 to exempt 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