A bill to amend the Internal Revenue Code of 1954 with respect to the unrelated business taxable income of certain nonprofit charitable organizations.

Summary

Amends the Internal Revenue Code to exclude from the tax imposed on unrelated business income any income received by a tax-exempt organization from the sale, exchange, or rental of names from donor lists or membership lists.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 September 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 23 September 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 27 September 1982

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 23 September 1982

  Open at official source

Sponsors

• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 with respect to the unrelated business taxable income of certain nonprofit charitable organizations.