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  3. Study Set
    Federal Taxation
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    Exam 23: Exempt Entities
  5. Question
    The Excise Tax Imposed on Private Foundations for Excess Business
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The Excise Tax Imposed on Private Foundations for Excess Business

Question 60

Question 60

True/False

The excise tax imposed on private foundations for excess business holdings is imposed on investments that enable the private foundation to control publicly-held rather than privately-held businesses.

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