To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill provides safe harbor for certain perpetual trust funds Section 148(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5)Safe harbor for certain perpetual trust fundsThe. It relies on definition changes, appropriations, tax rate changes, and compliance mandates. The main policy areas are Education and Finance.
Who Benefits and How
Financial services firms and customers affected by the bill could gain revenue opportunities, Educational institutions and students affected by the bill could gain revenue opportunities, and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Provides safe harbor for certain perpetual trust funds Section 148(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5)Safe harbor for certain perpetual trust fundsThe...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides safe harbor for certain perpetual trust funds Section 148(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5)Safe harbor for certain perpetual trust fundsThe.
Key Policy Areas
Education, Finance
Primary Purpose
The bill provides safe harbor for certain perpetual trust funds Section 148(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5)Safe harbor for certain perpetual trust fundsThe.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Educational institutions and students affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Doggett (for himself and Mr. Arrington) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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