LIFT for Charities Act

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.

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

Timeline

1. 28 February 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 February 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 February 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 February 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 February 2019

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 28 February 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. Lankford, James [R-OK] · R · Sponsor
• Sen. Coons, Christopher A. [D-DE] · D · Sponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• Sen. Collins, Susan M. [R-ME] · R · Cosponsor
• Sen. Hawley, Josh [R-MO] · R · Cosponsor
• Sen. Daines, Steve [R-MT] · R · Cosponsor
• Sen. Jones, Doug [D-AL] · D · Cosponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Sen. Ernst, Joni [R-IA] · R · Cosponsor
• Sen. McSally, Martha [R-AZ] · R · Cosponsor
• Sen. Hoeven, John [R-ND] · R · Cosponsor
• Sen. Lee, Mike [R-UT] · R · Cosponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Nonprofits Support Act
• related to → Stop the Tax Hike on Charities and Places of Worship Act
• related to → Stop the Tax Hike on Charities and Places of Worship 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 ← Preserve Charities and Houses of Worship Act
• related to ← Economic Mobility Act of 2019
• related to ← LIFT for Charities Act