S 2741 · 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 1982-07-15· Sponsored by Sen. Hayakawa, Samuel Ichiye [R-CA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Taxation and Debt Management. Hearings held.(1982-09-23)

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

Cosponsors (1)

1 Democrat
Sen. Cranston, Alan [D-CA]CA