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HR 2386 115th Congress House Taxation Budget process Financial services and investments Sales and excise taxes Tax-exempt organizations

Private Foundation Excise Tax Simplification Act of 2017

Introduced: May 4, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
May 4, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 4, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Private Foundation Excise Tax Simplification Act of 2017

This bill 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. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

What's happening now May 4, 2017

Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 1 Republican 1
R
Sessions, Pete
Texas · Jun 29, 2017
Bishop, Mike
· Jun 27, 2017
Rice, Tom
· May 22, 2017
Meehan, Patrick
· May 16, 2017
 D
Davis, Danny K.
Illinois · May 4, 2017
Holding, George
· May 4, 2017
TIBERI, PATRICK
· May 4, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2386: Private Foundation Excise Tax Simplification Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2386/
MLA
"H.R. 2386: Private Foundation Excise Tax Simplification Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2386/.
Bluebook (legal)
H.R. 2386, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2386/.
Markdown link
[H.R. 2386: Private Foundation Excise Tax Simplification Act of 2017](https://openamerica.io/bill/115-HR-2386/)
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