Private Foundation Excise Tax Simplification Act of 2019
USA116th CongressHR-4953| House
| Updated: 10/31/2019
Danny K. Davis
Democratic Representative
Illinois
Cosponsors (2)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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%.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Budget processFinancial services and investmentsSales and excise taxesTax-exempt organizations
Private Foundation Excise Tax Simplification Act of 2019
USA116th CongressHR-4953| House
| Updated: 10/31/2019
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%.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Danny K. Davis
Democratic Representative
Illinois
Cosponsors (2)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Budget processFinancial services and investmentsSales and excise taxesTax-exempt organizations