Philanthropic Enterprise Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 9, 2015)
Philanthropic Enterprise Act of 2015
This bill amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.
What just happenedOct 9, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseOct 9, 2015
- Oct 9, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 9, 2015IntroReferralIntro-H
Introduced in House
- Oct 9, 2015IntroReferral1000
Introduced in House