HR 4953
116th Congress
House
Taxation
Budget process
Financial services and investments
Sales and excise taxes
Tax-exempt organizations
Private Foundation Excise Tax Simplification Act of 2019
Introduced: October 31, 2019
Introduced by:
Davis, Danny K.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 31, 2019
Referred to the House Committee on Ways and Means.
Oct 31, 2019
Introduced in House
Plain-English summary
Private Foundation Excise Tax Simplification Act of 2019
This bill reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1