US HB2832 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 25 2013 - 25% progression, died in committee
Action: 2013-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 25 2013 - 25% progression, died in committee
Action: 2013-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Philanthropic Facilitation Act - Amends the Internal Revenue Code to: (1) expand the definition of, and requirements relating to, "program-related investments" made by private foundations to for-profit entities to further certain charitable purposes; (2) allow a judicial determination (i.e., declaratory judgment) as to whether investments in any entity qualify as program-related investments; (3) require expanded reporting by for-profit entities that receive program-related investments of their gross income, expenses, disbursements, and other information; and (4) allow public inspection of any petition seeking a determination that an investment by a private foundation is a program-related investment and of any information reported by organizations receiving program-related investments.
Title
Philanthropic Facilitation Act
Sponsors
Sen. Cory Gardner [R-CO] | Rep. Jared Polis [D-CO] |
History
Date | Chamber | Action |
---|---|---|
2013-07-25 | House | Referred to the House Committee on Ways and Means. |
Subjects
Administrative remedies
Business investment and capital
Business records
Department of the Treasury
Government information and archives
Income tax deductions
Internal Revenue Service (IRS)
Judicial review and appeals
Sales and excise taxes
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Business investment and capital
Business records
Department of the Treasury
Government information and archives
Income tax deductions
Internal Revenue Service (IRS)
Judicial review and appeals
Sales and excise taxes
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/2832/all-info |
Text | https://www.congress.gov/113/bills/hr2832/BILLS-113hr2832ih.pdf |