HR 6504
115th Congress
House
Taxation
Business expenses
Corporate finance and management
Income tax rates
Sports and recreation facilities
Tax-exempt organizations
Transportation costs
Stop the Tax Hike on Charities and Places of Worship Act
Introduced: July 25, 2018
Introduced by:
Clyburn, James E.
Democratic
· South Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2018
Referred to the House Committee on Ways and Means.
Jul 25, 2018
Introduced in House
Plain-English summary
Stop the Tax Hike on Charities and Places 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 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.
The bill also increases the corporate tax rate from 21% to 22%.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1