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- H.R.2311
H.R.2311: To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced June 23, 2011
- Latest Major Action June 23, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (9 Democrats, 4 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) reduce from 2% to 1.39% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.
(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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June 23, 2011 |
Introduced in the House by Erik Paulsen (R-Minn.) |