HOUSE 1545116th CongressReferred 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.
- Last Action
- 3/5/2019
Actions
- 2019-03-05Referred to the House Committee on Ways and Means.
- 2019-03-05Introduced in House
- 2019-03-05Introduced in House
CRS Summary
As of 2019-03-05 (00)
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.
Cosponsors (20)
- Jeff Duncan (R-SC)
- Jody Hice (R-GA)
- Matt Gaetz (R-FL)
- Doug Lamborn (R-CO)
- Thomas Suozzi (D-NY)
- Ted Budd (R-NC)
- John Moolenaar (R-MI)
- Randy Weber (R-TX)
- Mike Johnson (R-LA)
- Bradley Byrne (R-AL)
- Ralph Norman (R-SC)
- Vicky Hartzler (R-MO)
- Jim Banks (R-IN)
- Trent Kelly (R-MS)
- K. Conaway (R-TX)
- Brian Babin (R-TX)
- Max Rose (D-NY)
- Anthony Brindisi (D-NY)
- Grace Meng (D-NY)
- Jim Jordan (R-OH)
Subjects
- Business expenses
- Income tax rates
- Sports and recreation facilities
- Tax-exempt organizations
- Transportation costs
Sourced from Congress.gov (public domain).
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