Nonprofits Support Act
- Last Action
- 1/11/2019
Actions
- 2019-01-11Referred to the House Committee on Ways and Means.
- 2019-01-11Introduced in House
- 2019-01-11Introduced in House
CRS Summary
As of 2019-01-11 (00)
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.
Cosponsors (10)
- Joe Wilson (R-SC)
- David Rouzer (R-NC)
- Randy Weber (R-TX)
- Ted Yoho (R-FL)
- Trent Kelly (R-MS)
- Ralph Norman (R-SC)
- Brian Babin (R-TX)
- Neal Dunn (R-FL)
- David Roe (R-TN)
- Steve Watkins (R-KS)
Subjects
- Employee benefits and pensions
- Income tax rates
- Social work, volunteer service, charitable organizations
- 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.