Bill116th CongressFiled Oct 31, 2019Taxation
H.R. 4953
Private Foundation Excise Tax Simplification Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 31, 2019)
Private Foundation Excise Tax Simplification Act of 2019
This bill reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.
What just happenedOct 31, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Davis, Danny K. [D-IL-7](D-IL)Sponsor
2 cosponsors2 R
2cosponsors1committees3actions3related bills4subjects
- Introduced in HouseOct 31, 2019
- Oct 31, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 31, 2019IntroReferralIntro-H
Introduced in House
- Oct 31, 2019IntroReferral1000
Introduced in House