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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
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 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
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 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. 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 July 12, 1995

Committee Hearings Held.

 Related & companion bills 2
  • HR 285 Identical bill To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.
  • S 793 Identical bill A bill to amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Scott, Robert C. "Bobby"
Virginia · Sep 7, 1995
 R
Crapo, Mike
Idaho · Jun 14, 1995
 D
Lofgren, Zoe
California · Feb 27, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 734: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-734/
MLA
"H.R. 734: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-734/.
Bluebook (legal)
H.R. 734, 104th Cong. (2026), https://openamerica.io/bill/104-HR-734/.
Markdown link
[H.R. 734: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.](https://openamerica.io/bill/104-HR-734/)
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