S 632
116th Congress
Senate
Taxation
Business expenses
Income tax rates
Sports and recreation facilities
Tax-exempt organizations
Transportation costs
LIFT for Charities Act
Introduced: February 28, 2019
Introduced by:
Lankford, James
Republican
· Oklahoma
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2019
Read twice and referred to the Committee on Finance.
Feb 28, 2019
Introduced in Senate
Plain-English summary
Lessen Impediments From Taxes for Charities Act or the LIFT for Charities Act
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1