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- H.R.3732
H.R.3732: Philanthropic Enterprise Act of 2015
About This Bill
- Introduced Oct. 9, 2015
- Latest Major Action Oct. 9, 2015
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 2 Republicans)
Bill Summary
Philanthropic Enterprise Act of 2015 This bill 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 for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Oct. 9, 2015 |
Referred to the House Committee on Ways and Means.
|
Oct. 9, 2015 |
Introduced in the House by Dave Reichert (R-Wash.) |