H.R. 3035
Referred to CommitteePhilanthropic Enterprise Act of 2017
Latest Action
Referred to the House Committee on Ways and Means.
6/23/2017 • House
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 excise taxes on excess business holdings.
Introduced in House • 6/23/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (20)
Party Breakdown
Sponsor
Cosponsors (19)
Bill Journey
Originated in the House
Introduced
June 23, 2017
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (4)
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Charities Helping Americans Regularly Throughout the Year Act of 2017
S. 1
An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018.
H.R. 1
An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.
H.R. 5007
Philanthropic Enterprise Act of 2016