Bill113th CongressFiled Sep 18, 2014Taxation
H.R. 5645
Philanthropic Enterprise Act of 2014
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Sep 18, 2014)
Philanthropic Enterprise Act of 2014 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meets specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose, and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.
What just happenedSep 18, 2014
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Reichert, David G. [R-WA-8](R-WA)Sponsor
5 cosponsors2 D3 R
5cosponsors1committees3actions1related bills4subjects
- Introduced in HouseSep 18, 2014
- Sep 18, 2014IntroReferralH11100
Referred to the House Committee on Ways and Means.
- Sep 18, 2014IntroReferralIntro-H
Introduced in House
- Sep 18, 2014IntroReferral1000
Introduced in House