HR 1545
116th Congress
House
Taxation
Business expenses
Income tax rates
Sports and recreation facilities
Tax-exempt organizations
Transportation costs
To amend the Internal Revenue Code of 1986 to repeal the inclusion of certain fringe benefit expenses for which a deduction is disallowed in unrelated business taxable income.
Introduced: March 5, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2019
Referred to the House Committee on Ways and Means.
Mar 5, 2019
Introduced in House
Plain-English summary
This bill modifies 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1