Loading…
Private Foundation Excise Tax Simplification Act of 2015
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
43pct
7d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Private Foundation Excise Tax Simplification Act of 2015 (Sec. 2) 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. (Sec. 3) Excludes the budgetary effects of this Act from PAYGO scorecards.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2016 · second_quarter · Taxation/Internal Revenue Code
Lobbying Issues: S.2750, The Charities Helping Americans Regularly Throughout the Year (CHARITY) Act; H.R.4907, The Grow Philanthropy Act; H.R.640, The Private Foundation Excise Tax Simplification Act
Client expense: $58,668 · Firm income: Not reported
Placed on the Union Calendar, Calendar No. 13.
Committee on the Budget discharged.
Committee on the Budget discharged.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-19, Part I.
Congress.gov source codes: 5000, H12200
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
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.
Congress.gov source codes: H11100, H11100-A
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
Discussion of provisions of law and regulation related to the nonprofit sector, including the charitable deduction and preserving it as an itemized deduction; making permanent charitable giving incentives in the "tax extenders" package (IRA rollover and enhanced deductions for donations of food and real property for conservation purposes) and a simplified excise tax for private foundations; passage of and support for the following: H.R. 2029, the Consolidated Appropriations Act; H.R. 644, the America Gives More Act, which would reinstate permanently the tax extenders and mandate the simplified excise tax; H.R. 637, which would permanently reinstate the IRA rollover; H.R. 640, which would instate the simplified excise tax; and H.R. 641, which would permanently reinstate the enhanced deduction for donations of real property.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
Discussion of provisions of law and regulation related to the nonprofit sector, including the charitable deduction and preserving it as an itemized deduction; making permanent the charitable "tax extenders" (IRA rollover and enhanced deductions for donations of food and real property for conservation purposes) and a simplified excise tax for private foundations; passage of and support for the following: H.R. 644, the America Gives More Act, which would reinstate permanently the tax extenders and mandate the simplified excise tax; H.R. 637, which would permanently reinstate the IRA rollover; H.R. 640, which would instate the simplified excise tax; and H.R. 641, which would permanently reinstate the enhanced deduction for donations of real property.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Discussion of provisions related to the nonprofit sector within comprehensive tax reform proposals and within the work of the Senate Finance Committee tax reform working groups; charitable deduction and preserving it as an itemized deduction; making permanent the charitable "tax extenders" (IRA rollover and enhanced deductions for donations of food and real property for conservation purposes) and a simplified excise tax for private foundations; passage of and support for the following: H.R. 644, the America Gives More Act, which would reinstate permanently the tax extenders and instate the simplified excise tax, and originally would have permanently reinstated the enhanced deduction for donations of food; H.R. 637, which would permanently reinstate the IRA rollover; H.R. 640, which would instate the simplified excise tax; and H.R. 641, which would permanently reinstate the enhanced deduction for donations of real property.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · first_quarter · Taxation/Internal Revenue Code
Discussion of provisions related to the nonprofit sector within comprehensive tax reform proposals and within the work of the Senate Finance Committee tax reform working groups; charitable deduction and preserving it as an itemized deduction; making permanent the charitable "tax extenders" (IRA rollover and enhanced deductions for donations of food and real property for conservation purposes) and a simplified excise tax for private foundations; passage of and support for the following: H.R. 644, the America Gives More Act, which would reinstate permanently the tax extenders and instate the simplified excise tax, and originally would have permanently reinstated the enhanced deduction for donations of food; H.R. 637, which would permanently reinstate the IRA rollover; H.R. 640, which would instate the simplified excise tax; and H.R. 641, which would permanently reinstate the enhanced deduction for donations of real property.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Referred to |
| February 2, 2015 |