S.3317: Protect Charities and Houses of Worship Act

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Bill 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...

(Source: Library of Congress)

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There is one statement associated with S.3317.

Bill Actions

Date Description
Aug. 1, 2018
Read twice and referred to the Committee on Finance.
Aug. 1, 2018

Introduced in the Senate by Ted Cruz (R-Texas)

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