S.593 - A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.

view all titles (1)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 1
  • All-Time: 763
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/15/11
 
 
 
 
 
 
 

Sponsor

Senator

Charles Schumer

D-NY

View Co-Sponsors (15)

Official Summary

3/16/2011--Introduced.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.

Official Summary

3/16/2011--Introduced.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.

...Read the Rest




Vote on This Bill

100% Users Support Bill

3 in favor / 0 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC