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- H.R.1545
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.
About This Bill
- Introduced March 5, 2019
- Latest Major Action March 5, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
40 (11 Democrats, 29 Republicans)
Bill Version
- Introduced in House - March 5, 2019
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
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.) |