Protect Charities and Houses of Worship Act

Summary

Protect Charities and Houses of Worship 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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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 August 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 August 2018

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• Introduced in Senate

  summary · EN · 1 August 2018

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