H.R. 2014: Reduction of Excess Business Holding Accrual Act

H.R. 2014 is a federal bill in the 119th Congress. Currently, private foundations face a federal excise tax if they own more than 20% of a corporation's voting stock, with some exceptions for foundations that held these shares before May 26, 1969. This bill changes how certain stock is counted when… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.