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- H.R.4090
H.R.4090: To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on investment income of private foundations, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Nov. 17, 2009
- Latest Major Action Nov. 17, 2009
Bill Sponsor
Bill Cosponsors
21 (15 Democrats, 6 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) reduce between 2010 and 2015 the excise tax rate on the net investment income of tax-exempt private foundations from 2 to 1.32%; and (2) suspend between 2010 and 2015 the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. Directs the Secretary of the Treasury to conduct and submit to Congress by December 31, 2013, a study which examines the effect of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 17, 2009 |
Introduced in the House by Danny K. Davis (D-Ill.) |