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HR 4090 111th Congress House Taxation Financial services and investments Sales and excise taxes Tax-exempt organizations

To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on investment income of private foundations, and for other purposes.

Introduced: November 17, 2009 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Nov 17, 2009
Introduced in House
Nov 17, 2009
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) reduce between 2010 and 2015 the excise tax rate on the net investment income of tax-exempt private foundations from 2 to 1.32%; and (2) suspend between 2010 and 2015 the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.

Directs the Secretary of the Treasury to conduct and submit to Congress by December 31, 2013, a study which examines the effect of the tax rate changes of this Act on the level of grantmaking by private foundations.

What's happening now November 17, 2009

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 676 Related bill A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4 Republican 1
D
Schakowsky, Janice D.
Illinois · Dec 14, 2010
 R
Cole, Tom
Oklahoma · Apr 26, 2010
 D
Johnson, Henry C. "Hank"
Georgia · Mar 22, 2010
 D
Bishop, Sanford D.
Georgia · Mar 18, 2010
 D
Peters, Gary C.
Michigan · Dec 11, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4090: To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on investment income of private foundations, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4090/
MLA
"H.R. 4090: To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on investment income of private foundations, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4090/.
Bluebook (legal)
H.R. 4090, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4090/.
Markdown link
[H.R. 4090: To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on investment income of private foundations, and for other purposes.](https://openamerica.io/bill/111-HR-4090/)
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