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HR 4691 113th Congress House

Private Foundation Excise Tax Simplification Act of 2014

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

Introduced: May 20, 2014 See on congress.gov
Taxation Financial services and investmentsSales and excise taxesTax-exempt organizations
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 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
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 Latest action June 26, 2014

Placed on the Union Calendar, Calendar No. 370.

 Plain-English summary Congressional Research Service

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.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Reed, Tom
· May 28, 2014
 D
Davis, Danny K.
Illinois · May 20, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4691: Private Foundation Excise Tax Simplification Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4691/
MLA
"H.R. 4691: Private Foundation Excise Tax Simplification Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4691/.
Bluebook (legal)
H.R. 4691, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4691/.
Markdown link
[H.R. 4691: Private Foundation Excise Tax Simplification Act of 2014](https://openamerica.io/bill/113-HR-4691/)
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