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

3.0.0 2311 2019-02-20T21:22:18Z 2019-02-23T20:34:36Z House H HR 2011-06-23 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAULSEN:H.R. 2311.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 Clause 1.[Page H4528]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-06-23T14:01:20Z A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations. 112 593 S 2011-03-16 Read twice and referred to the Committee on Finance. Identical bill CRS 2011-06-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-06-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-06-23 Introduced in House IntroReferral 1000 9 Library of Congress P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 N D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2011-06-23 True D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2011-07-07 False H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2011-09-22 False S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2012-02-09 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2012-03-21 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2012-03-22 False R000593 Rep. Ross, Dennis A. [R-FL-12] Dennis Ross R FL A. 12 2012-03-29 False Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2012-03-29 False L000111 Rep. Latham, Tom [R-IA-4] TOM LATHAM R IA 4 2012-04-18 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2012-04-18 False P000595 Rep. Peters, Gary C. [D-MI-9] Gary Peters D MI 9 2012-04-23 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2012-04-25 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2012-04-25 False Taxation Financial services and investments Sales and excise taxes Tax-exempt organizations Taxation

00 2011-06-23 Introduced in House 2011-08-01T20:52:33Z 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.

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To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations. Display Title To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations. Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations. Introduced in House 2011-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2311ih/xml/BILLS-112hr2311ih.xml 2011-06-23 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.