US Congress House Bill 3732 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 9 2015 - 25% progression, died in committee
Action: 2015-10-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Philanthropic Enterprise Act of 2015 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 and unrelated business income.

Philanthropic Enterprise Act of 2015

Rep. David Reichert [R-WA]	Rep. John Larson [D-CT]	Rep. Patrick Tiberi [R-OH]	Rep. Richard Neal [D-MA]
Rep. Erik Paulsen [R-MN]

Date	Chamber	Action
2015-10-09	House	Referred to the House Committee on Ways and Means.
2015-10-09	House	Introduced in House

SB909 (Related) 2015-04-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 43.
SB2750 (Related) 2016-04-06 - Read twice and referred to the Committee on Finance.
HB5007 (Related) 2016-04-20 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3732/all-info
Text	https://www.congress.gov/114/bills/hr3732/BILLS-114hr3732ih.pdf