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- H.R.734
H.R.734: 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 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 30, 1995
- Latest Major Action July 12, 1995
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
44 (21 Democrats, 23 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. Applies the excise taxes on private foundations, except the taxes on investment income and on failure to distribute income, 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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Committee Hearings Held.
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Committee Hearings Held.
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Jan. 30, 1995 |
Introduced in the House by Andrew Jacobs Jr. (D-Ind.) |