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HR 2311 112th Congress House

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

Introduced: June 23, 2011 See on congress.gov
Taxation Financial services and investmentsSales and excise taxesTax-exempt organizations
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Jun 23, 2011
Referred to the House Committee on Ways and Means.
Jun 23, 2011
Introduced in House
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 Latest action June 23, 2011

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) reduce from 2% to 1.39% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.

 Related & companion bills 1
  • S 593 Identical 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 7
All 7 Democratic 3
PETERSON, COLLIN
· Apr 25, 2012
 D
Peters, Gary C.
Michigan · Apr 23, 2012
HINCHEY, MAURICE
· Apr 18, 2012
 D
Quigley, Mike
Illinois · Mar 29, 2012
Ross, Dennis
· Mar 29, 2012
Dent, Charles
· Jul 7, 2011
 D
Davis, Danny K.
Illinois · Jun 23, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2311: To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.. 112th Congress. Open America. https://openamerica.io/bill/112-HR-2311/
MLA
"H.R. 2311: To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-2311/.
Bluebook (legal)
H.R. 2311, 112th Cong. (2026), https://openamerica.io/bill/112-HR-2311/.
Markdown link
[H.R. 2311: To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.](https://openamerica.io/bill/112-HR-2311/)
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