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United States · Bill · S

S. 632 (116th)

LIFT for Charities Act

referredUnited States· United States Congress· EN

Introduced

28 February 2019

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

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.

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Documents

3 official files

Introduced in Senate (text)

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