H.R.1545: 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.

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Bill Summary

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.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.1545.

Bill Actions

Date Description
March 5, 2019
Referred to the House Committee on Ways and Means.
March 5, 2019

Introduced in the House by Mark Walker (R-N.C.)

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