Preserve Charities and Houses of Worship Act

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.

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Timeline

1. 2 May 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 May 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 May 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 May 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 May 2019

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 2 May 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Cruz, Ted [R-TX] · R · Sponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Cosponsor
• Sen. Cramer, Kevin [R-ND] · R · Cosponsor
• Sen. Lee, Mike [R-UT] · R · Cosponsor
• Sen. McSally, Martha [R-AZ] · R · Cosponsor
• · ssfi00 · Standing

Related records

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