US SB593 | 2011-2012 | 112th Congress
Status
Sponsorship: Slight Partisan Bill (Democrat 10-6)
Status: Introduced on March 16 2011 - 25% progression, died in committee
Action: 2011-03-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 16 2011 - 25% progression, died in committee
Action: 2011-03-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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
A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.
Sponsors
| Sen. Charles Schumer [D-NY] | Sen. Mark Begich [D-AK] | Sen. Richard Burr [R-NC] | Sen. Saxby Chambliss [R-GA] |
| Sen. Mike Crapo [R-ID] | Sen. Al Franken [D-MN] | Sen. Kirsten Gillibrand [D-NY] | Sen. Kay Hagan [D-NC] |
| Sen. Daniel Inouye [D-HI] | Sen. Johnny Isakson [R-GA] | Sen. Carl Levin [D-MI] | Sen. Joe Manchin [D-WV] |
| Sen. Lisa Murkowski [R-AK] | Sen. John Rockefeller [D-WV] | Sen. Olympia Snowe [R-ME] | Sen. Debbie Stabenow [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-16 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2311 (Same As) 2011-06-23 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/593/all-info |
| Text | https://www.congress.gov/112/bills/s593/BILLS-112s593is.pdf |
