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H.R. 4953 116th Congress House

Private Foundation Excise Tax Simplification Act of 2019

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: December 10, 2019 Introduced by: Danny K. Davis Democratic · Illinois See on congress.gov
Taxation Budget processFinancial services and investmentsSales and excise taxesTax-exempt organizations
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Oct 31, 2019
Referred to the House Committee on Ways and Means.
Oct 31, 2019
Introduced in House
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 Latest action October 31, 2019

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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%.

 Related & companion bills 3
  • HR 3301 Taxpayer Certainty and Disaster Tax Relief Act of 2019
  • S 1475 Charities Helping Americans Regularly Throughout the Year Act of 2019
  • HR 3259 Charities Helping Americans Regularly Throughout the Year Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
R
Smith, Adrian
Nebraska · Dec 10, 2019
Holding, George
· Oct 31, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4953: Private Foundation Excise Tax Simplification Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4953/
MLA
"H.R. 4953: Private Foundation Excise Tax Simplification Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4953/.
Bluebook (legal)
H.R. 4953, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4953/.
Markdown link
[H.R. 4953: Private Foundation Excise Tax Simplification Act of 2019](https://openamerica.io/bill/116-HR-4953/)
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