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- H.R.4035
H.R.4035: Philanthropic Enterprise Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Feb. 15, 2012
- Latest Major Action Feb. 15, 2012
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (3 Democrats, 3 Republicans)
Bill Summary
Philanthropic Enterprise Act of 2012 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income, and independent operation (i.e., not controlled by a substantial contributor) from the excise tax on excess business holdings and unrelated business income.
(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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Feb. 15, 2012 |
Introduced in the House by Dave Reichert (R-Wash.) |