Skip to main content
HR 3035 115th Congress House Taxation Business investment and capital Sales and excise taxes Social work, volunteer service, charitable organizations Tax-exempt organizations

Philanthropic Enterprise Act of 2017

Introduced: June 23, 2017 See on congress.gov
Sign in to write a letter Sign in to watch
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
Jun 23, 2017
Referred to the House Committee on Ways and Means.
Jun 23, 2017
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Philanthropic Enterprise Act of 2017

This bill 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 (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings.

What's happening now June 23, 2017

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • S 1343 Related bill Charities Helping Americans Regularly Throughout the Year Act of 2017
  • S 1 Related bill An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fisc…
  • HR 1 Related bill An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 6 Republican 3
D
Titus, Dina
Nevada · Oct 26, 2017
 D
Dingell, Debbie
Michigan · Sep 14, 2017
 D
McGovern, James P.
Massachusetts · Sep 8, 2017
 D
Courtney, Joe
Connecticut · Jul 25, 2017
 D
Himes, James A.
Connecticut · Jul 25, 2017
 R
Calvert, Ken
California · Jun 23, 2017
FRELINGHUYSEN, RODNEY
· Jun 23, 2017
Holding, George
· Jun 23, 2017
 R
Kelly, Mike
Pennsylvania · Jun 23, 2017
 D
Larson, John B.
Connecticut · Jun 23, 2017
 R
Smith, Jason
Missouri · Jun 23, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3035: Philanthropic Enterprise Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3035/
MLA
"H.R. 3035: Philanthropic Enterprise Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3035/.
Bluebook (legal)
H.R. 3035, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3035/.
Markdown link
[H.R. 3035: Philanthropic Enterprise Act of 2017](https://openamerica.io/bill/115-HR-3035/)
Report a problem