HR 3396 · 98th Congress · Social Sciences and History

A bill to amend the Internal Revenue Code of 1954 to remove certain inequities relating to private foundations.

Introduced 1983-06-22· Sponsored by Rep. Thomas, William M. [R-CA-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-06-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code relating to the imposition of an excise tax on the excess business holdings of private foundations to permit a two percent variance in the increase or decrease in percentage holdings of the private foundation and all disqualified persons attributable to issuance or redemption of stock held on May 26, 1969.…

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

Cosponsors (1)

1 Republican
Rep. Vander Jagt, Guy [R-MI-9]MI