Protect Charities and Houses of Worship Act

Bill: 115-s-3317
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2018-08-01
Policy area: Taxation
Subjects: Employee benefits and pensions

Income tax rates

Social work, volunteer service, charitable organizations

Tax-exempt organizations

Transportation costs
Latest action: action_date: 2018-08-01
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2018-08-01
action_desc: Introduced in Senate
text: <p><b>Protect Charities and Houses of Worship Act</b></p> <p>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. </p>

tv_txt: II 115th CONGRESS 2d Session S. 3317 IN THE SENATE OF THE UNITED STATES August 1, 2018 Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

1. Short title This Act may be cited as the Protect Charities and Houses of Worship Act . 2. Repeal of requirement that unrelated business taxable income be computed separately for each trade or business activity (a) In general Section 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (6). (b) Effective date The amendment made by this section shall take effect as if included in section 13702 of Public Law 115–97 . 3. Repeal of increase of unrelated business taxable income by certain disallowed fringe benefits (a) In general Section 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (7). (b) Effective date The amendment made by this section shall take effect as if included in section 13703 of Public Law 115–97 .