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Philanthropic Enterprise Act of 2016
Legislative Progress
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vs 6,526 other HR bills in the 114th — cohort avg 56d
Philanthropic Enterprise Act of 2016 This bill amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings.
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Filing registrants (1)
2017 · first_quarter · Taxation/Internal Revenue Code
H.R.5007 - Philanthropic Enterprise Act of 2016, S.909 - Philanthropic Enterprise Act of 2015. Both bills will be reintroduced in 2017.
Client expense: $187,348 · Firm income: Not reported
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
| Republican |
| MN |
| George Holding | Republican | NC |
| James A. Himes | Democratic | CT |
| James P. McGovern | Democratic | MA |
| Jason Smith | Republican | MO |
| John B. Larson | Democratic | CT |
| Leonard Lance | Republican | NJ |
| Mike Kelly | Republican | PA |
| Patrick J. Tiberi | Republican | OH |
| Richard E. Neal | Democratic | MA |
| Steve Cohen | Democratic | TN |
| Tom Rice | Republican | SC |