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H.R. 2311

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations.
About This Bill
Committee
Latest Action · June 23, 2011
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
June 23, 2011
Cosponsors (13)
9D 4R
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Summary

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Amends the Internal Revenue Code to: (1) reduce from 2% to 1.39% 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.

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