S. 909: Philanthropic Enterprise Act of 2015

Introduced:

Apr 14, 2015

Status:

Reported by Committee on Apr 14, 2015

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on April 14, 2015.

Sponsor:

Orrin Hatch

Senior Senator from Utah

Republican

Text:

Read Text »
Last Updated: Apr 14, 2015
Length: 6 pages

Prognosis:

39% chance of being enacted (details)

About the bill

Full Title

An original bill to amend the Internal Revenue Code of 1986 to exempt private foundations from the tax on excess business holdings in the case of certain philanthropic enterprises which are independently supervised, and for other purposes.

The bill’s titles are written by its sponsor.

Read CRS Summary >

History

Apr 14, 2015
 
Introduced

This is the first step in the legislative process.

Apr 14, 2015
 
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

 
Passed Senate

 
Passed House

 
Signed by the President

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

Citation

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