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HR 5645 113th Congress House

Philanthropic Enterprise Act of 2014

Official title: To amend the Internal Revenue Code of 1986 to exempt private foundations from the tax on excess business holdings in the case of certain philanthropic enterpri… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to exempt private foundations from the tax on excess business holdings in the case of certain philanthropic enterprises which are independently supervised, and for other purposes.

Introduced: September 18, 2014 See on congress.gov
Taxation Business investment and capitalSales and excise taxesSocial work, volunteer service, charitable organizationsTax-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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2014
Introduced in House
Sep 18, 2014
Referred to the House Committee on Ways and Means.
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 Latest action September 18, 2014

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Philanthropic Enterprise Act of 2014 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meets specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose, and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.

 Related & companion bills 1
  • S 2710 Related bill Philanthropic Enterprise Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2
D
Larson, John B.
Connecticut · Sep 18, 2014
 D
Neal, Richard E.
Massachusetts · Sep 18, 2014
Paulsen, Erik
· Sep 18, 2014
Schock, Aaron
· Sep 18, 2014
TIBERI, PATRICK
· Sep 18, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5645: Philanthropic Enterprise Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-5645/
MLA
"H.R. 5645: Philanthropic Enterprise Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-5645/.
Bluebook (legal)
H.R. 5645, 113th Cong. (2026), https://openamerica.io/bill/113-HR-5645/.
Markdown link
[H.R. 5645: Philanthropic Enterprise Act of 2014](https://openamerica.io/bill/113-HR-5645/)
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