Stop the Tax Hike on Charities and Places of Worship Act

Bill: 115-hr-6504
Sponsor: full_name: Rep. Clyburn, James E. [D-SC-6]
Introduced: 2018-07-25
Policy area: Taxation
Subjects: Business expenses

Corporate finance and management

Income tax rates

Sports and recreation facilities

Tax-exempt organizations

Transportation costs
Latest action: action_date: 2018-07-25
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-07-25
action_desc: Introduced in House
text: <p><b>Stop the Tax Hike on Charities and Places 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 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. </p> <p>The bill also increases the corporate tax rate from 21% to 22%. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6504 IN THE HOUSE OF REPRESENTATIVES July 25, 2018 Mr. Clyburn (for himself, Ms. Clarke of New York , Mr. Suozzi , Mr. Gene Green of Texas , Mr. Meeks , Mr. Thompson of Mississippi , Ms. Fudge , Mr. Carson of Indiana , Mr. Scott of Virginia , Ms. Bass , Mrs. Watson Coleman , Ms. Kelly of Illinois , Ms. Plaskett , Mr. David Scott of Georgia , Mrs. Demings , Ms. Wilson of Florida , Mr. Cleaver , Mr. Hastings , Mr. Butterfield , Mr. Veasey , Mr. Danny K. Davis of Illinois , Mr. Evans , Ms. Jackson Lee , Mr. McEachin , Mr. Clay , Mr. Rush , Ms. Eddie Bernice Johnson of Texas , Mrs. Beatty , Mr. Payne , Ms. Blunt Rochester , Ms. Sewell of Alabama , and Ms. Adams ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.

1. Short title This Act may be cited as the Stop the Tax Hike on Charities and Places of Worship Act . 2. Repeal of increase of unrelated business taxable income by amount of certain 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 . 3. Increase in tax imposed on corporations (a) In general Section 11(b) of the Internal Revenue Code of 1986 is amended by striking 21 and inserting 22 . (b) Effective date The amendment made by this section shall apply with respect to taxable years beginning after the date of the enactment of this Act.