H.R. 4953 · 116th Congress
Private Foundation Excise Tax Simplification Act of 2019
- Stage
- In committee
- Sponsor
- Danny Davis
- Introduced
- 2019-10-31
- Latest action
- 2019-10-31 · Introduced in House
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%.