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H.R. 3732

Referred to Committee

Philanthropic Enterprise Act of 2015

Introduced 10/9/2015•114th Congress•House
Congress.gov

Latest Action

Referred to the House Committee on Ways and Means.

10/9/2015 • House

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 excise taxes on excess business holdings and unrelated business income.

Introduced in House • 10/9/2015

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Topics & Subjects

Policy Area: Taxation
Business investment and capitalSales and excise taxesSocial work, volunteer service, charitable organizationsTax-exempt organizations

Congressional Votes (0)

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Related Federal Spending

Sponsor & Cosponsors (5)

Party Breakdown

2
Democrats
3
Republicans
0
Independents

Sponsor

R[
Rep. Reichert, David G. [R-WA-8]

Republican • WA-8

Sponsored 10/9/2015

Cosponsors (4)

R[
Rep. Larson, John B. [D-CT-1]

D-CT-1

Joined 10/9/2015

R[
Rep. Tiberi, Patrick J. [R-OH-12]

R-OH-12

Joined 10/9/2015

R[
Rep. Neal, Richard E. [D-MA-1]

D-MA-1

Joined 10/9/2015

R[
Rep. Paulsen, Erik [R-MN-3]

R-MN-3

Joined 10/9/2015

Bill Journey

Originated in the House

Introduced

October 9, 2015

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House10/9/2015
Formatted TextPDFFormatted XML

Related Bills (3)

S. 909

Philanthropic Enterprise Act of 2015

RelatedView bill →

S. 2750

Charities Helping Americans Regularly Throughout the Year Act

RelatedView bill →

H.R. 5007

Philanthropic Enterprise Act of 2016

RelatedView bill →

Committee

Ways and Means Committee

House

View committee →

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors4
View on Congress.gov
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