US SB676 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 24 2009 - 25% progression, died in committee
Action: 2009-03-24 - Referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 24 2009 - 25% progression, died in committee
Action: 2009-03-24 - 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 1.32% 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. Mark Begich [D-AK] | Sen. Richard Burr [R-NC] | Sen. Saxby Chambliss [R-GA] | Sen. Johnny Isakson [R-GA] |
| Sen. Carl Levin [D-MI] | Sen. Lisa Murkowski [R-AK] | Sen. Charles Schumer [D-NY] | Sen. Debbie Stabenow [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-03-24 | Referred to the Committee on Finance. |
Same As/Similar To
HB4090 (Related) 2009-11-17 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/676/all-info |
| Text | https://www.congress.gov/111/bills/s676/BILLS-111s676is.pdf |
