Summary: H.R.4953 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4953. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/31/2019)

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%.