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- H.R.3035
H.R.3035: Philanthropic Enterprise Act of 2017
About This Bill
- Introduced June 23, 2017
- Latest Major Action June 23, 2017
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
19 (9 Democrats, 10 Republicans)
Bill Version
- Introduced in House - June 23, 2017
Bill Summary
Philanthropic Enterprise Act of 2017 This bill 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 (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 |
|---|---|
| June 23, 2017 |
Referred to the House Committee on Ways and Means.
|
| June 23, 2017 |
Introduced in the House by Dave Reichert (R-Wash.) |