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Private Foundation Excise Tax Simplification Act of 2019
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vs 9,062 other HR bills in the 116th — cohort avg 39d
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%.
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Filing registrants (1)
2019 · fourth_quarter · Taxation/Internal Revenue Code
Support for strengthening and expanding the charitable tax deduction in light of changes made to the individual tax code as part of the Tax Cuts and Jobs Act. H.R. 651, H.R. 1260. Support for maintaining the Johnson Amendment protecting nonprofits from partisan politics Protection and expansion of the IRA charitable rollover provision. Support for adjustments to UBIT rules for charitable organizations as a result of the Tax Cuts and Jobs Act S. 501, S. 632, S. 1282, H.R. 513, H.R. 1223, and H.R. 1545; support for allowing the IRS to make adjustments to volunteer mileage H.R. 2072; Support for simplifying the private foundation excise tax H.R. 4953; Support for the CHARITY Act (S.1475, H.R. 3259)
Client expense: Not reported · Firm income: Not reported
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of