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 199

Introduced

Jan 7, 2003

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Excise tax Finance and Financial Sector Foundations Investments Social Welfare Taxation

Full Text

Votes

Summary

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

Actions

Amendments

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