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.

Summary

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.

Full Text

Related Legislation

S. 501Stop the Tax Hike on Charities and Places of Worship Act
2019-02-14Read twice and referred to the Committee on Finance.
Related
S. 632LIFT for Charities Act
2019-02-28Read twice and referred to the Committee on Finance.
Related
S. 1282Preserve Charities and Houses of Worship Act
2019-05-02Read twice and referred to the Committee on Finance.
Related
H.R. 3300Economic Mobility Act of 2019
2020-02-04Placed on the Union Calendar, Calendar No. 307.
Related
H.R. 513Nonprofits Support Act
2019-01-11Referred to the House Committee on Ways and Means.
Related
H.R. 1223Stop the Tax Hike on Charities and Places of Worship Act
2019-02-14Referred to the House Committee on Ways and Means.
Related

Legislative Actions

2019-03-05
Introduced in House
2019-03-05
Introduced in House
2019-03-05
Referred to the House Committee on Ways and Means.

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.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill