A bill to provide that income from entertainment activities held in conjunction with a public fair conducted by an organization described in section 501(c), (3) and (5) shall not be unrelated trade or business income and shall not affect the tax exemption of the organization.

Provides that income from the entertainment activities held in conjunction with a public fair conducted by nonprofit organizations and civic leagues or labor, agricultural, or horticultural organizations shall not be unrelated trade or business income (and therefore shall not be subject to taxation under the Internal Revenue Code) and shall not affect the tax exemption of the organization.