HR 3011 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the stock which certain private foundations may hold certain public utilities without being subject to the excise tax on excess business holdings.

Introduced 1983-05-12· Sponsored by Rep. Oxley, Michael G. [R-OH-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-05-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from 50 to 51 percent the amount of stock which certain private foundations may hold in certain public utilities without being subject to the excise tax on excess business holdings.…

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