Bill116th CongressFiled Mar 5, 2019Taxation
H.R. 1545
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.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 5, 2019)
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 just happenedMar 5, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Walker, Mark [R-NC-6](R-NC)Sponsor
40 cosponsors11 D29 R
40cosponsors1committees3actions6related bills5subjects
- Introduced in HouseMar 5, 2019
- Mar 5, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 5, 2019IntroReferralIntro-H
Introduced in House
- Mar 5, 2019IntroReferral1000
Introduced in House