Stop the Tax Hike on Charities and Places of Worship Act
- Last Action
- 2/14/2019
Actions
- 2019-02-14Referred to the House Committee on Ways and Means.
- 2019-02-14Introduced in House
- 2019-02-14Introduced in House
CRS Summary
As of 2019-02-14 (00)
Stop the Tax Hike on Charities and Places of Worship 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.
The bill also increases the corporate income tax rate from 21% to 21.03%.
Cosponsors (20)
- Yvette Clarke (D-NY)
- Thomas Suozzi (D-NY)
- Steven Horsford (D-NV)
- Katie Hill (D-CA)
- Joyce Beatty (D-OH)
- SANFORD BISHOP (D-GA)
- Anthony Brown (D-MD)
- Julia Brownley (D-CA)
- G. K. Butterfield (D-NC)
- WM. CLAY (D-MO)
- Emanuel Cleaver (D-MO)
- ELIJAH CUMMINGS (D-MD)
- Val Demings (D-FL)
- Marcia Fudge (D-OH)
- ALCEE HASTINGS (D-FL)
- EDDIE JOHNSON (D-TX)
- Brenda Lawrence (D-MI)
- BARBARA LEE (D-CA)
- A. McEachin (D-VA)
- Gwen Moore (D-WI)
Subjects
- Business expenses
- Corporate finance and management
- Income tax rates
- Sports and recreation facilities
- Tax-exempt organizations
- Transportation costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.