HR 591
103th Congress
House
Taxation
Capital gains tax
Charities
Cooperative societies
Excise tax
Foundations
Income tax
Investments
Tax-exempt organizations
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
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1