Private Foundation Excise Tax Simplification Act of 2015
Latest action · Feb 9, 2015 Placed on the Union Calendar, Calendar No. 13.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 2, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Feb 2, 2015 to Feb 3, 2015, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IL | Danny K. Davis | Original | Feb 2, 2015 |
| R-PA | Ryan A. Costello | Feb 3, 2015 | |
| R-NY | Tom Reed | Feb 3, 2015 |
Actions 6
Everything that happened, newest first.
- Feb 9, 2015Committee on the Budget discharged.
- Feb 9, 2015Placed on the Union Calendar, Calendar No. 13.
- Feb 9, 2015Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-19, Part I.
- Feb 4, 2015Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
- Feb 2, 2015Introduced in House
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2750 | Charities Helping Americans Regularly Throughout the Year Act | Related bill | Apr 6, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 2
Each version as it was printed, newest first.
- Feb 9, 2015Reported in House
- Feb 2, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.