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- S.632
S.632: LIFT for Charities Act
About This Bill
- Introduced Feb. 28, 2019
- Latest Major Action Feb. 28, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (2 Democrats, 1 Independent Democrat, 9 Republicans)
Bill Version
- Introduced in Senate - Feb. 28, 2019
Bill 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 28, 2019 |
Read twice and referred to the Committee on Finance.
|
Feb. 28, 2019 |
Introduced in the Senate by James Lankford (R-Okla.) |