S 3332
115th Congress
Senate
Taxation
Business expenses
Income tax rates
Sports and recreation facilities
Tax-exempt organizations
Transportation costs
LIFT for Charities Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2018
Read twice and referred to the Committee on Finance.
Aug 1, 2018
Introduced in Senate
Plain-English summary
Lessen Impediments From Taxes for Charities Act or the LIFT 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1