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114-hr-5007114th Congress

Philanthropic Enterprise Act of 2016

Sponsored By: Representative Reichert, David G. [R-WA-8]

Unknown

Summary

Philanthropic Enterprise Act of 2016 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Reichert, David G. [R-WA-8]

WA • R

Cosponsors

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 4/20/2016

  • PATRICK TIBERI

    OH • R

    Sponsored 4/20/2016

  • Rep. Neal, Richard E. [D-MA-1]

    MA • D

    Sponsored 4/20/2016

  • Rep. Paulsen, Erik [R-MN-3]

    MN • R

    Sponsored 4/20/2016

  • Rep. Holding, George [R-NC-2]

    NC • R

    Sponsored 4/20/2016

  • Rep. Smith, Jason [R-MO-8]

    MO • R

    Sponsored 4/20/2016

  • Rep. Esty, Elizabeth H. [D-CT-5]

    CT • D

    Sponsored 4/20/2016

  • Rep. Byrne, Bradley [R-AL-1]

    AL • R

    Sponsored 4/20/2016

  • Rep. Himes, James A. [D-CT-4]

    CT • D

    Sponsored 4/20/2016

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 5/17/2016

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 7/5/2016

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 7/13/2016

  • Rep. Boustany, Charles W., Jr. [R-LA-3]

    LA • R

    Sponsored 7/14/2016

  • Rep. Rice, Tom [R-SC-7]

    SC • R

    Sponsored 9/13/2016

  • Rep. Lance, Leonard [R-NJ-7]

    NJ • R

    Sponsored 11/14/2016

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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