To amend the Internal Revenue Code of 1986 to repeal the 2 percent excise tax on the net investment income of tax-exempt foundations.

Bill Number

HR 804

Introduced

Feb 28, 2001

Latest Action

Sponsor introductory remarks on measure. (CR H629-630)

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Cosponsors

Topics

Excise tax Finance and Financial Sector Foundations Investments Social Welfare Tax cuts Taxation

Full Text

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Summary

Amends the Internal Revenue Code to repeal the two percent excise tax on the net investment income of tax-exempt foundations.

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Amendments

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