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- H.R.5645
H.R.5645: Philanthropic Enterprise Act of 2014
About This Bill
- Introduced Sept. 18, 2014
- Latest Major Action Sept. 18, 2014
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (2 Democrats, 3 Republicans)
Bill Summary
Philanthropic Enterprise Act of 2014 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meets specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose, and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 18, 2014 |
Referred to the House Committee on Ways and Means.
|
| Sept. 18, 2014 |
Introduced in the House by Dave Reichert (R-Wash.) |