legislation: 98-s-562

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

This data as json

bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
98-s-562 98 s 562 A bill to authorize the Secretary of the Treasury to grant extensions of the five-year period within which private foundations must dispose of excess business holdings. Social Sciences and History 1983-02-23 1983-06-07 Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-319. Senate Sen. Percy, Charles H. [R-IL] IL R P000222 1 Amends the Internal Revenue Code to authorize the Secretary of the Treasury to grant one or more extensions of the five-year period within which tax-exempt private foundations must dispose of excess business holdings. Requires the Secretary in granting or denying an extension to consider, among other factors: (1) whether the private foundation has in good faith taken reasonable steps to dispose of such holdings throughout the initial five-year period; (2) whether orderly dispositon of such holdings can reasonably be expected to occur before the expiration of the extension period; and (3) all other facts and circumstances which the Secretary considers relevant. Requires that any extension so granted be no less than twenty-four months in duration. 2025-01-03T20:55:56Z  

Links from other tables