House Bill 4953
116th Congress(2019-2020)
Private Foundation Excise Tax Simplification Act of 2019
Introduced
Introduced in House on Oct 31, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4953
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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%.
October 31, 2019
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10/31/2019
Referred to the House Committee on Ways and Means.
10/31/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:47:41 AM