A bill to amend section 4940 of the Internal Revenue Code of 1954 to change the excise tax on the investment income of private foundations from 4 percent to 2 percent.

1/1
Status In Committee
Sponsor Rupert Hartke
Citation 94-S-2348
Actions 2
Introduced Sep 16th, 1975
Cosponsors
10 2
Last Action Sep 16th, 1975
Policy Area
✓
Introduced Senate Sep 16
Senate
House
President
Enacted

Summary

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Changes the excise tax imposed on the investment income of private foundations under the Internal Revenue Code from four percent to two percent.

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2
Senate
INTRODUCED
INTRODUCED
Sep 16, 1975
ON FLOOR
REFERRED TO COMMITTEE
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