,,ib  ,union ,cal5d> ,no4 #ac  #aad?    
,,congress  #a/ ,session  ,h4 ,r4 #fdj  
,report ,no4 #aad-ai1 ,"p ,i  ,,9 ,,!   
,,h\se ,,( ,,repres5tatives  ,febru>y   
#b1 #bjae ,mr4 ,pauls5 7= himself & ,mr4
 ,danny ,k4 ,davis ( ,ill9ois7 introduc$
 ! foll[+ bill2 :i* 0 ref]r$ to !       
,committee on ,ways & ,means1 & 9       
addition to ! ,committee on ! ,budget1 =
 a p]iod to be subsequ5tly det]m9$ by ! 
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,febru>y #i1 #bjae  
,additional sponsors3 ,mr4 ,re$ & ,mr4  
,co/ello ( ,p5nsylvania  ,febru>y #i1   
#bjae ,report$ f ! ,committee on ,ways &
 ,means ) an am5dm5t ,/rike out all aft]
 ! enact+ clause & ins]t ! "p pr9t$ 9   
italic  ,febru>y #i1 #bjae ,! ,committee
 on ! ,budget dis*>g$2 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$ ,= text (  
introduc$ bill1 see copy ( bill z       
introduc$ on ,febru>y #b1 #bjae  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     

,code ( #aihf to modify ! tax rate =    
excise tax on inve/m5t income ( private 
f\ndations4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,private ,f\ndation     
,excise ,tax ,simplification ,act (     
#bjae4  #b4 ,modification ( ! tax rate =
 ! excise tax on inve/m5t income (      
private f\ndations  7a7 ,9 g5]al        
,section #didj7;a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ #b p]c5t
 & ins]t+ #a p]c5t4  7b7 ,elim9ation (  
r$uc$ tax :]e f\ndation meets c]ta9     
di/ribution requirem5ts ,section #didj (
 su* ,code is am5d$ by /rik+ subsection 
7e74  7c7 ,effective date ,! am5dm5ts   
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act4  #c4 ,budget>y     
effects ,! budget>y effects ( ?is ,act  
%all n be ent]$ on ei!r ,,paygo scorec>d
 ma9ta9$ pursuant to section #d7;d7 ( ! 
,/atutory ,pay-,z-,y-,g ,act ( #bjaj4   
,febru>y #i1 #bjae ,report$ f !         
,committee on ,ways & ,means ) an       
am5dm5t ,febru>y #i1 #bjae ,! ,committee

 on ! ,budget dis*>g$2 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$