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- H.R.4691
H.R.4691: Private Foundation Excise Tax Simplification Act of 2014
About This Bill
- Introduced May 20, 2014
- Latest Major Action June 26, 2014
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Private Foundation Excise Tax Simplification Act of 2014 - Amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
| Date | Description |
|---|---|
| June 26, 2014 |
Placed on the Union Calendar, Calendar No. 370.
|
| June 26, 2014 |
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-497.
|
| May 29, 2014 |
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 10.
|
| May 29, 2014 |
Committee Consideration and Mark-up Session Held.
|
| May 20, 2014 |
Referred to the House Committee on Ways and Means.
|
| May 20, 2014 |
Introduced in the House by Erik Paulsen (R-Minn.) |