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HR 591 103th Congress House

To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.

Introduced: January 26, 1993 See on congress.gov
Taxation Capital gains taxCharitiesCooperative societiesExcise tax
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FoundationsIncome taxInvestmentsTax-exempt organizations
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 1993
Referred to the House Committee on Ways and Means.
Jan 26, 1993
Introduced in House
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 Latest action January 26, 1993

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit tax-exempt private foundations and community foundations to establish tax-exempt cooperative service organizations to operate exclusively for charitable purposes. Declares that the excise tax based on investment income applies to such organizations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Neal, Richard E.
Massachusetts · Jul 20, 1993
 D
Pelosi, Nancy
California · Jul 1, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 591: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-591/
MLA
"H.R. 591: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-591/.
Bluebook (legal)
H.R. 591, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-591/.
Markdown link
[H.R. 591: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.](https://openamerica.io/bill/103-HR-591/)
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