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]

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.

Tracking Information

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Title

Protect Charities and Houses of Worship Act

Sponsors

Sen. Ted Cruz [R-TX]

History

DateChamberAction
2018-08-01SenateRead 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.

Subjects


US Congress State Sources


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