S. 1282
Referred to CommitteePreserve Charities and Houses of Worship Act
Latest Action
Read twice and referred to the Committee on Finance.
5/2/2019 • Senate
Summary
Preserve Charities and Houses of Worship Act
This bill modifies the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals provisions that (1) require organizations with more than one unrelated trade or business to compute unrelated business taxable income separately for each trade or business; and (2) increase unrelated business taxable income by the amount of expenses paid or incurred by an organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility.
Introduced in Senate • 5/2/2019
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Sponsor & Cosponsors (6)
Party Breakdown
Sponsor
Cosponsors (5)
Bill Journey
Originated in the Senate
Introduced
May 2, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (5)
H.R. 513
Nonprofits Support Act
H.R. 1545
To amend the Internal Revenue Code of 1986 to repeal the inclusion of certain fringe benefit expenses for which a deduction is disallowed in unrelated business taxable income.
S. 501
Stop the Tax Hike on Charities and Places of Worship Act
S. 632
LIFT for Charities Act
S. 3317
Protect Charities and Houses of Worship Act