S 954 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt from the windfall profit tax certain charitable organizations which provide assistance to patients.

Introduced 1983-03-24· Sponsored by Sen. Laxalt, Paul D. [R-NV]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department.(1983-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the windfall profit tax economic interests in crude oil held by charitable organizations which provide medical care to patients with lengthy or terminal illnesses or which provide financial assistance to medical research.…

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