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HR 4035 112th Congress House Taxation Business investment and capital Sales and excise taxes Social work, volunteer service, charitable organizations Tax-exempt organizations

Philanthropic Enterprise Act of 2012

Introduced: February 28, 2012 See on congress.gov
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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
Feb 15, 2012
Referred to the House Committee on Ways and Means.
Feb 15, 2012
Introduced in House
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 Plain-English summary Congressional Research Service

Philanthropic Enterprise Act of 2012 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income, and independent operation (i.e., not controlled by a substantial contributor) from the excise tax on excess business holdings and unrelated business income.

What's happening now February 15, 2012

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 3377 Identical bill Philanthropic Enterprise Act of 2012
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2
D
Neal, Richard E.
Massachusetts · Mar 29, 2012
Paulsen, Erik
· Mar 29, 2012
Gerlach, Jim
· Feb 28, 2012
 D
Larson, John B.
Connecticut · Feb 15, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4035: Philanthropic Enterprise Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4035/
MLA
"H.R. 4035: Philanthropic Enterprise Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4035/.
Bluebook (legal)
H.R. 4035, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4035/.
Markdown link
[H.R. 4035: Philanthropic Enterprise Act of 2012](https://openamerica.io/bill/112-HR-4035/)
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