US HB5645 | 2013-2014 | 113th Congress

Status

Spectrum: Slight Partisan Bill (Republican 4-2)
Status: Introduced on September 18 2014 - 25% progression
Action: 2014-09-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Philanthropic Enterprise Act of 2014 - 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, and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.

Tracking Information

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Title

Philanthropic Enterprise Act of 2014

Sponsors


History

DateChamberAction
2014-09-18HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

SB2710 (Related) 2014-07-30 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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