US HB640 | 2015-2016 | 114th Congress
Status
Sponsorship: Slight Partisan Bill (Republican 3-1)
Status: Introduced on February 2 2015 - 25% progression, died in chamber
Action: 2015-02-09 - Placed on the Union Calendar, Calendar No. 13.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2015 - 25% progression, died in chamber
Action: 2015-02-09 - Placed on the Union Calendar, Calendar No. 13.
Text: Latest bill text (Introduced) [PDF]
Summary
Private Foundation Excise Tax Simplification Act of 2015 (Sec. 2) Amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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. (Sec. 3) Excludes the budgetary effects of this Act from PAYGO scorecards.
Title
Private Foundation Excise Tax Simplification Act of 2015
Sponsors
| Rep. Erik Paulsen [R-MN] | Rep. Danny Davis [D-IL] | Rep. Tom Reed [R-NY] | Rep. Ryan Costello [R-PA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-02-09 | House | Placed on the Union Calendar, Calendar No. 13. |
| 2015-02-09 | House | Committee on the Budget discharged. |
| 2015-02-09 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-19, Part I. |
| 2015-02-04 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14. |
| 2015-02-02 | House | Referred to House Budget |
| 2015-02-02 | House | Referred to House Ways and Means |
| 2015-02-02 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2015-02-02 | House | Introduced in House |
Same As/Similar To
SB2750 (Related) 2016-04-06 - Read twice and referred to the Committee on Finance.
