H.R. 4953
Referred to CommitteePrivate Foundation Excise Tax Simplification Act of 2019
Introduced 10/31/2019•116th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
10/31/2019 • House
Summary
Private Foundation Excise Tax Simplification Act of 2019
This bill reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.
Introduced in House • 10/31/2019
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Topics & Subjects
Policy Area: Taxation
Budget processFinancial services and investmentsSales and excise taxesTax-exempt organizations
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
1
Democrats
2
Republicans
0
Independents
Sponsor
R[
Cosponsors (2)
R[
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Bill Journey
Originated in the House
Introduced
October 31, 2019
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 House10/31/2019