US HB6460 | 2017-2018 | 115th Congress
Status
Sponsorship: Partisan Bill (Republican 7)
Status: Introduced on July 19 2018 - 25% progression, died in committee
Action: 2018-07-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 19 2018 - 25% progression, died in committee
Action: 2018-07-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
LIFT for Charities Act Lessen Impediments from Taxes for Charities Act This bill amends the Internal Revenue Code to modify 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.
Title
LIFT for Charities Act Lessen Impediments from Taxes for Charities Act
Sponsors
| Rep. Mark Walker [R-NC] | Rep. Garland Barr [R-KY] | Rep. Vicky Hartzler [R-MO] | Rep. David Rouzer [R-NC] |
| Rep. Mike Johnson [R-LA] | Rep. Doug Lamborn [R-CO] | Rep. Jeff Duncan [R-SC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-07-19 | House | Referred to the House Committee on Ways and Means. |
| 2018-07-19 | House | Introduced in House |
Same As/Similar To
HB6037 (Related) 2018-06-07 - Referred to the House Committee on Ways and Means.
HB6504 (Related) 2018-07-25 - Referred to the House Committee on Ways and Means.
SB3317 (Related) 2018-08-01 - Read twice and referred to the Committee on Finance.
SB3332 (Same As) 2018-08-01 - Read twice and referred to the Committee on Finance.
HB6504 (Related) 2018-07-25 - Referred to the House Committee on Ways and Means.
SB3317 (Related) 2018-08-01 - Read twice and referred to the Committee on Finance.
SB3332 (Same As) 2018-08-01 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/6460/all-info |
| Text | https://www.congress.gov/115/bills/hr6460/BILLS-115hr6460ih.pdf |
