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United States · Bill · S

S. 89 (94th)

A bill to provide that income from entertainment activities held in conjunction with a public fair conducted by an organization described in section 501(c), (3) and (5) shall not be unrelated trade or business income and shall not affect the tax exemption of the organization.

referredUnited States· United States Congress· EN

Introduced

15 January 1975

Last action

15 January 1975 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Mathias, Charles McC., Jr. [R-MD], Sen. Beall, J. Glenn, Jr. [R-MD], Sen. Tunney, John V. [D-CA], Sen. Cranston, Alan [D-CA], Sen. Buckley, James L. [R-NY], Sen. McGovern, George [D-SD], Sen. Eastland, James O. [D-MS], Sen. McGee, Gale W. [D-WY], Sen. Humphrey, Hubert H. [D-MN], Sen. Stevens, Ted [R-AK], Sen. Young, Milton R. [R-ND], Sen. Hollings, Ernest F. [D-SC], Sen. Leahy, Patrick J. [D-VT], Sen. McClellan, John L. [D-AR], Sen. Taft, Robert, Jr. [R-OH], Sen. Hartke, Vance [D-IN], Sen. Clark, Dick [D-IA]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official sourceView documentsShare

Summary

Provides that income from the entertainment activities held in conjunction with a public fair conducted by nonprofit organizations and civic leagues or labor, agricultural, or horticultural organizations shall not be unrelated trade or business income (and therefore shall not be subject to taxation under the Internal Revenue Code) and shall not affect the tax exemption of the organization.

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

Timeline

  1. 15 January 1975

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 15 January 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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