A bill to amend the Internal Revenue Code of 1954 to allow the voting interests of disqualified persons to be taken into account in determining a private foundation's voting interest for purposes of section 4943 of such Code.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the voting interests of disqualified persons to be taken into account in determining a private foundation's voting interest for purposes of the penalty tax on excess business holdings.…