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- H.R.591
H.R.591: To amend the Internal Revenue Code of 1986 to provide an exemption from income tax for certain common investment funds.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about taxation
- Introduced Jan. 26, 1993
- Latest Major Action Jan. 26, 1993
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
35 (23 Democrats, 12 Republicans)
Bill Summary
Amends the Internal Revenue Code to permit tax-exempt private foundations and community foundations to establish tax-exempt cooperative service organizations to operate exclusively for charitable purposes. Declares that the excise tax based on investment income applies to such organizations.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Jan. 26, 1993 |
Introduced in the House by Andrew Jacobs Jr. (D-Ind.) |