There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)