,,ib  ,union ,calendar ,no4 #ac  #aadth 
,,congress  #ast ,session  ,h4 ,r4 #fdj 
,report ,no4 #aad-ai1 ,part ,i  ,,in    
,,the ,,house ,,of ,,representatives    
,february #b1 #bjae ,mr4 ,paulsen 7for  
himself and ,mr4 ,danny ,k4 ,davis of   
,illinois7 introduced the following     
bill2 which was referred to the         
,committee on ,ways and ,means1 and in  
addition to the ,committee on the       
,budget1 for a period to be subsequently
 determined by the ,speaker1 in each    
case for consideration of such          
provisions as fall within the           
jurisdiction of the committee concerned 
,february #i1 #bjae ,additional         
sponsors3 ,mr4 ,reed and ,mr4 ,costello 
of ,pennsylvania  ,february #i1 #bjae   
,reported from the ,committee on ,ways  
and ,means with an amendment ,strike out
 all after the enacting clause and      
insert the part printed in italic       
,february #i1 #bjae ,the ,committee on  
the ,budget discharged2 committed to the
 ,committee of the ,whole ,house on the 

,state of the ,union and ordered to be  
printed ,for text of introduced bill1   
see copy of bill as introduced on       
,february #b1 #bjae  ,a ,,bill  ,to     
amend the ,internal ,revenue ,code of   
#aihf to modify the tax rate for excise 
tax on investment income of private     
foundations4  #a4 ,short title ,this    
,act may be cited as the ,private       
,foundation ,excise ,tax ,simplification
 ,act of #bjae4  #b4 ,modification of   
the tax rate for the excise tax on      
investment income of private foundations
  7a7 ,in general ,section #didj7;a7 of 
the ,internal ,revenue ,code of #aihf is
 amended by striking #b percent and     
inserting #a percent4  7b7 ,elimination 
of reduced tax where foundation meets   
certain distribution requirements       
,section #didj of such ,code is amended 
by striking subsection 7e74  7c7        
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after the date of the   
enactment of this ,act4  #c4 ,budgetary 

effects ,the budgetary effects of this  
,act shall not be entered on either     
,,paygo scorecard maintained pursuant to
 section #d7;d7 of the ,statutory       
,pay-,as-,you-,go ,act of #bjaj4        
,february #i1 #bjae ,reported from the  
,committee on ,ways and ,means with an  
amendment ,february #i1 #bjae ,the      
,committee on the ,budget discharged2   
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union and ordered to be printed