US SB1282 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on May 2 2019 - 25% progression, died in committee
Action: 2019-05-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Modifies 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

Preserve Charities and Houses of Worship Act

Sponsors


History

DateChamberAction
2019-05-02SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB513 (Related) 2019-01-11 - Referred to the House Committee on Ways and Means.
SB632 (Related) 2019-02-28 - Read twice and referred to the Committee on Finance.
HB1545 (Related) 2019-03-05 - Referred to the House Committee on Ways and Means.
SB501 (Related) 2019-02-14 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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