LIFT for Charities Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 28, 2019)
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 just happenedFeb 28, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateFeb 28, 2019
- Feb 28, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 28, 2019IntroReferral10000
Introduced in Senate