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To amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

USA115th CongressHR-6037| House 
| Updated: 6/7/2018
K. Michael Conaway

K. Michael Conaway

Republican Representative

Texas

Cosponsors (6)
Michael E. Capuano (Democratic)Walter B. Jones (Republican)Brendan F. Boyle (Democratic)Thomas J. Rooney (Republican)Brian K. Fitzpatrick (Republican)Ted Budd (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Nonprofits Support 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 amount of expenses paid or incurred by an 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.
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Timeline
Jun 7, 2018
Introduced in House
Jun 7, 2018
Referred to the House Committee on Ways and Means.
Aug 1, 2018

Latest Companion Bill Action

S 115-3317
Introduced in Senate
  • June 7, 2018
    Introduced in House


  • June 7, 2018
    Referred to the House Committee on Ways and Means.


  • August 1, 2018

    Latest Companion Bill Action

    S 115-3317
    Introduced in Senate

Taxation

Related Bills

  • S 115-3317: A bill to amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.
  • HR 115-6504: To amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.
  • HR 115-6460: 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.
Employee benefits and pensionsIncome tax ratesSocial work, volunteer service, charitable organizationsTax-exempt organizationsTransportation costs

To amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

USA115th CongressHR-6037| House 
| Updated: 6/7/2018
Nonprofits Support 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 amount of expenses paid or incurred by an 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 7, 2018
Introduced in House
Jun 7, 2018
Referred to the House Committee on Ways and Means.
Aug 1, 2018

Latest Companion Bill Action

S 115-3317
Introduced in Senate
  • June 7, 2018
    Introduced in House


  • June 7, 2018
    Referred to the House Committee on Ways and Means.


  • August 1, 2018

    Latest Companion Bill Action

    S 115-3317
    Introduced in Senate
K. Michael Conaway

K. Michael Conaway

Republican Representative

Texas

Cosponsors (6)
Michael E. Capuano (Democratic)Walter B. Jones (Republican)Brendan F. Boyle (Democratic)Thomas J. Rooney (Republican)Brian K. Fitzpatrick (Republican)Ted Budd (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 115-3317: A bill to amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.
  • HR 115-6504: To amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.
  • HR 115-6460: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsIncome tax ratesSocial work, volunteer service, charitable organizationsTax-exempt organizationsTransportation costs