S. 632
Referred to CommitteeLIFT for Charities Act
Latest Action
Read twice and referred to the Committee on Finance.
2/28/2019 • Senate
Summary
Lessen Impediments From Taxes for Charities Act or the LIFT for Charities Act
This bill modifies the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt 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 • 2/28/2019
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (13)
Party Breakdown
Sponsor
Cosponsors (12)
Bill Journey
Originated in the Senate
Introduced
February 28, 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 (7)
H.R. 513
Nonprofits Support Act
H.R. 1223
Stop the Tax Hike on Charities and Places of Worship 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. 1282
Preserve Charities and Houses of Worship Act
H.R. 3300
Economic Mobility Act of 2019
S. 3332
LIFT for Charities Act