Rep. Patman, Wright [D-TX-1] (Introduced 03/15/1973)
Summary: H.R.5729 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in House (03/15/1973)
Requires private foundations to diversify their holdings for income tax purposes by providing that for each day on which a private foundation fails to dispose of any non-diversified holding such foundation shall be treated as making an investment, in an amount equal to the amount of such holding, in such a manner as to jeopardize the carrying out of its charitable purposes. (Amends 26 U.S.C. 4944)
Summary: H.R.5729 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in House (03/15/1973)
Requires private foundations to diversify their holdings for income tax purposes by providing that for each day on which a private foundation fails to dispose of any non-diversified holding such foundation shall be treated as making an investment, in an amount equal to the amount of such holding, in such a manner as to jeopardize the carrying out of its charitable purposes. (Amends 26 U.S.C. 4944)
Summary: H.R.5729 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in House (03/15/1973)
Requires private foundations to diversify their holdings for income tax purposes by providing that for each day on which a private foundation fails to dispose of any non-diversified holding such foundation shall be treated as making an investment, in an amount equal to the amount of such holding, in such a manner as to jeopardize the carrying out of its charitable purposes. (Amends 26 U.S.C. 4944)
Summary: H.R.5729 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in House (03/15/1973)
Requires private foundations to diversify their holdings for income tax purposes by providing that for each day on which a private foundation fails to dispose of any non-diversified holding such foundation shall be treated as making an investment, in an amount equal to the amount of such holding, in such a manner as to jeopardize the carrying out of its charitable purposes. (Amends 26 U.S.C. 4944)
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