Stop the Tax Hike on Charities and Places of Worship Act
- Last Action
- 2/14/2019
Actions
- 2019-02-14Read twice and referred to the Committee on Finance.
- 2019-02-14Introduced in Senate
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 22%.
Sourced from Congress.gov (public domain).
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