H.R.217: To amend the Internal Revenue Code of 1986 to repeal the 2 percent excise tax on the net investment income of tax-exempt foundations.

About This Bill

Bill Summary

Amends the Internal Revenue Code to repeal the two percent excise tax on the net investment income of tax-exempt foundations.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Jan. 4, 2005

Introduced in the House by Cliff Stearns (R-Fla.)

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