US SB3317 | 2017-2018 | 115th Congress
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on August 1 2018 - 25% progression, died in committee
Action: 2018-08-01 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 1 2018 - 25% progression, died in committee
Action: 2018-08-01 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Protect Charities and Houses of Worship 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 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.
Title
Protect Charities and Houses of Worship Act
Sponsors
| Sen. Ted Cruz [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-08-01 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6037 (Related) 2018-06-07 - Referred to the House Committee on Ways and Means.
HB6460 (Related) 2018-07-19 - Referred to the House Committee on Ways and Means.
HB6504 (Related) 2018-07-25 - Referred to the House Committee on Ways and Means.
HB6460 (Related) 2018-07-19 - Referred to the House Committee on Ways and Means.
HB6504 (Related) 2018-07-25 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/3317/all-info |
| Text | https://www.congress.gov/115/bills/s3317/BILLS-115s3317is.pdf |
