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- H.R.2386
H.R.2386: Private Foundation Excise Tax Simplification Act of 2017
About This Bill
- Introduced May 4, 2017
- Latest Major Action May 4, 2017
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (3 Democrats, 8 Republicans)
Bill Version
- Introduced in House - May 4, 2017
Bill Summary
Private Foundation Excise Tax Simplification Act of 2017 This bill 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. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 4, 2017 |
Referred to House Budget
|
| May 4, 2017 |
Referred to House Ways and Means
|
| May 4, 2017 |
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| May 4, 2017 |
Introduced in the House by Erik Paulsen (R-Minn.) |