HR 734
104th Congress
House
Taxation
Capital gains tax
Charities
Cooperative societies
Excise tax
Finance and Financial Sector
Foundations
Income tax
Investments
Social Welfare
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 30, 1995
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 1995
Committee Hearings Held.
Jul 11, 1995
Committee Hearings Held.
Jan 30, 1995
Referred to the House Committee on Ways and Means.
Jan 30, 1995
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. Applies the excise taxes on private foundations, except the taxes on investment income and on failure to distribute income, to such organizations.
What's happening now
Committee Hearings Held.
Committees of jurisdiction
1