3.0.0 2386 2023-01-11T13:36:48Z 2023-01-11T13:36:48Z House HR 2017-05-04 115 [Congressional Record Volume 163, Number 77 (Thursday, May 4, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAULSEN:H.R. 2386.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution.[Page H4179]]]> hsbu00 Budget Committee House Standing Referred to 2017-05-04T13:01:35Z hswm00 Ways and Means Committee House Standing Referred to 2017-05-04T13:01:30Z 2017-05-04 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2017-05-04 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2017-05-04 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-05-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-04 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 2017-05-04 True T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2017-05-04 True H001065 Rep. Holding, George [R-NC-2] George Holding R NC 2 2017-05-04 True N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2017-05-04 True M001181 Rep. Meehan, Patrick [R-PA-7] Patrick Meehan R PA 7 2017-05-16 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2017-05-17 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2017-05-22 False R000597 Rep. Rice, Tom [R-SC-7] Tom Rice R SC 7 2017-05-22 False B001293 Rep. Bishop, Mike [R-MI-8] Mike Bishop R MI 8 2017-06-27 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2017-06-28 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-06-29 False Taxation Budget process Financial services and investments Sales and excise taxes Tax-exempt organizations Taxation 00 2017-05-04 Introduced in House 2017-05-15T20:06:26Z Private Foundation Excise Tax Simplification Act of 2017

This bill amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

]]> Private Foundation Excise Tax Simplification Act of 2017 Display Title Private Foundation Excise Tax Simplification Act of 2017 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 IH Short Titles as Introduced Private Foundation Excise Tax Simplification Act of 2017 Introduced in House 2017-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2386ih/xml/BILLS-115hr2386ih.xml 2017-05-04 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.