Nonprofits Support Act

Summary

Nonprofits Support Act This bill amends the Internal Revenue Code to modify 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.

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Timeline

1. 7 June 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 June 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 June 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 June 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 June 2018

  Open at official source

Sponsors

• K. Conaway · R · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• WALTER JONES · R · Cosponsor
• MICHAEL CAPUANO · D · Cosponsor
• Ted Budd · R · Cosponsor
• Brendan Boyle · D · Cosponsor
• Thomas Rooney · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Nonprofits Support Act
• related to ← LIFT for Charities Act
• related to ← Stop the Tax Hike on Charities and Places of Worship Act
• related to ← Protect Charities and Houses of Worship Act