US HB2311 | 2011-2012 | 112th Congress
Status
Sponsorship: Slight Partisan Bill (Democrat 9-5)
Status: Introduced on June 23 2011 - 25% progression, died in committee
Action: 2011-06-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 23 2011 - 25% progression, died in committee
Action: 2011-06-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) reduce from 2% to 1.39% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.
Title
To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.
Sponsors
| Rep. Erik Paulsen [R-MN] | Rep. Danny Davis [D-IL] | Rep. Charles Dent [R-PA] | Rep. Maurice Hinchey [D-NY] |
| Rep. Rush Holt [D-NJ] | Rep. Sheila Jackson-Lee [D-TX] | Rep. Dale Kildee [D-MI] | Rep. Tom Latham [R-IA] |
| Sen. Gary Peters [D-MI] | Rep. Collin Peterson [D-MN] | Rep. Mike Quigley [D-IL] | Rep. Dennis Ross [R-FL] |
| Rep. Jackie Speier [D-CA] | Rep. Don Young [R-AK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-06-23 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB593 (Same As) 2011-03-16 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2311/all-info |
| Text | https://www.congress.gov/112/bills/hr2311/BILLS-112hr2311ih.pdf |
