HR 4691
113th Congress
House
Taxation
Financial services and investments
Sales and excise taxes
Tax-exempt organizations
Private Foundation Excise Tax Simplification Act of 2014
Introduced: May 20, 2014
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2014
Placed on the Union Calendar, Calendar No. 370.
Jun 26, 2014
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-497.
May 29, 2014
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 10.
May 29, 2014
Committee Consideration and Mark-up Session Held.
May 20, 2014
Referred to the House Committee on Ways and Means.
May 20, 2014
Introduced in House
Plain-English summary
Private Foundation Excise Tax Simplification Act of 2014 - Amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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.
What's happening now
Placed on the Union Calendar, Calendar No. 370.
Committees of jurisdiction
1
Cosponsors
1