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Philanthropic Enterprise Act of 2015
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Philanthropic Enterprise Act of 2015 (Sec. 2) 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), and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise tax on excess business holdings, in taxable years beginning after 2014. Makes such exemption inapplicable to donor advised funds or supporting organizations that are subject to excess business holdings rules and certain charitable and split interest trusts.
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)
2018 · second_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Included as part of the 2018 Bipartisan Budget act of 2018. Passed by both houses and signed into law by the President of the United States.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 43.
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-20.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $9,001 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2018 · second_quarter · Budget/Appropriations
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Seeking Tax Vehicle, CR, Omnibus, Appropriations or other routes such as suspension to move this bill forward.
Client expense: $9,001 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Included as part of the 2018 Bipartisan Budget act of 2018. Passed by both houses and signed into law by the President of the United States.
Client expense: $112,621 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2018 · second_quarter · Budget/Appropriations
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Seeking Tax Vehicle, CR, Omnibus, Appropriations or other routes such as suspension to move this bill forward.
Client expense: $112,621 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2018 · first_quarter · Budget/Appropriations
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Seeking Tax Vehicle, CR, Omnibus, Appropriations or other routes such as suspension to move this bill forward.
Client expense: $112,621 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2018 · first_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Included as part of the 2018 Bipartisan Budget act of 2018. Passed by both houses and signed into law by the President of the United States.
Client expense: $112,621 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Seeking Tax Vehicle, CR, Omnibus, Appropriations or other routes such as suspension to move this bill forward.
Client expense: $155,797 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2017 · fourth_quarter · Budget/Appropriations
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8. House Bill included as part of Tax Reform, voted on by the House and passed. Senate version had Philanthropic Enterprise Act included, but was removed at the very end before the bill passed due to Byrd Provisions. Seeking Tax Vehicle, CR, Omnibus, Appropriations or other routes such as suspension to move this bill forward.
Client expense: $155,797 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, President of the U.S., SENATE
2017 · third_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8.
Client expense: $130,817 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
H.R.3035 - Philanthropic Enterprise Act of 2017, S.909 - Philanthropic Enterprise Act of 2015, will be reintroduced in 2017. Both bills introduced as part of the CHARITY ACT, H.R. 2917, S.1343, section 8.
Client expense: $149,244 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
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
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Philanthropic Enterprise Act of 2015)-(Hatch); HR 2029 (Consolidated Appropriations Act, 2016); HR 3732 (Philanthropic Enterprise Act of 2015).
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch); HR 2029; HR 3732.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch); HR 2029; HR 3732.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch); HR 2029; HR 3732.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch); HR 2029.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch).
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Private foundation tax issues and other general tax and budget issues; proposals related to the Private Foundation Excess Business Holdings Rules. S 909 (Hatch).
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE