US HB1545 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 26-12)
Status: Introduced on March 5 2019 - 25% progression
Action: 2019-03-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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. 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.

Tracking Information

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Title

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.

Sponsors


History

DateChamberAction
2019-03-05HouseReferred to the House Committee on Ways and Means.
2019-03-05HouseIntroduced in House

Same As/Similar To

SB632 (Related) 2019-02-28 - Read twice and referred to the Committee on Finance.
HB513 (Related) 2019-01-11 - Referred to the House Committee on Ways and Means.
HB1223 (Related) 2019-02-14 - Referred to the House Committee on Ways and Means.
SB501 (Related) 2019-02-14 - Read twice and referred to the Committee on Finance.
SB1282 (Related) 2019-05-02 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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