S 1282
116th Congress
Senate
Taxation
Employee benefits and pensions
Income tax rates
Social work, volunteer service, charitable organizations
Tax-exempt organizations
Transportation costs
Preserve Charities and Houses of Worship Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2019
Read twice and referred to the Committee on Finance.
May 2, 2019
Introduced in Senate
Plain-English summary
Preserve Charities and Houses of Worship Act
This bill 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1