Nonprofits Support Act

To amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

Subjects

Taxation

Summary

Nonprofits Support 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.

Full Text

Related Legislation

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
H.R. 1545To 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.
2019-03-05Referred to the House Committee on Ways and Means.
Related
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

Legislative Actions

2019-01-11
Introduced in House
2019-01-11
Introduced in House
2019-01-11
Referred to the House Committee on Ways and Means.

Ask about this bill

checking server…

Ask anything about this bill. The AI reads the full text to answer.

Enter to send · Shift+Enter for new line