Private Foundation Excise Tax Simplification Act of 2015
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HR 640 — Private Foundation Excise Tax Simplification Act of 2015
Last action — Placed on the Union Calendar, Calendar No. 13.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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Died in session
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Private Foundation Excise Tax Simplification Act of 2015 (Sec. 2) Amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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. (Sec. 3) Excludes the budgetary effects of this Act from PAYGO scorecards.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 640 on the official United States source →Action History
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Placed on the Union Calendar, Calendar No. 13.
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Committee on the Budget discharged.
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Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-19, Part I.
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Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
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Referred to House Budget
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Referred to House Ways and Means
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Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Introduced in House
Sponsors
- Erik Paulsen · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 640 do?
- Private Foundation Excise Tax Simplification Act of 2015 (Sec. 2) Amends the Internal Revenue Code to: (1) reduce from 2% to 1% 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. (Sec. 3) Excludes the budgetary effects of this Act from PAYGO scorecards.
- Who sponsors HR 640?
- HR 640 is sponsored by Erik Paulsen (R).
- What is the current status of HR 640?
- This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 640?
- Track HR 640 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes about 14 hours ago · updated continuously
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