Skip to main content
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
Sign in to write a letter Sign in to watch
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
 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

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 October 31, 2019

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • HR 3301 Related bill Taxpayer Certainty and Disaster Tax Relief Act of 2019
  • S 1475 Related bill Charities Helping Americans Regularly Throughout the Year Act of 2019
  • HR 3259 Related bill 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/)
Report a problem