Stop the Tax Hike on Charities and Places of Worship Act

Bill: 116-hr-1223
Sponsor: full_name: Rep. Clyburn, James E. [D-SC-6]
Introduced: 2019-02-14
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: 2019-02-14
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-02-14
action_desc: Introduced in House
text: <p><b>Stop the Tax Hike on Charities and Places of Worship Act </b></p> <p>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. </p> <p>The bill also increases the corporate income tax rate from 21% to 21.03%. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 1223 IN THE HOUSE OF REPRESENTATIVES February 14, 2019 Mr. Clyburn (for himself, Ms. Clarke of New York , Mr. Suozzi , Mr. Horsford , Ms. Hill of California , Mrs. Beatty , Mr. Bishop of Georgia , Mr. Brown of Maryland , Ms. Brownley of California , Mr. Butterfield , Mr. Clay , Mr. Cleaver , Mr. Cummings , Mrs. Demings , Ms. Fudge , Mr. Hastings , Ms. Johnson of Texas , Mrs. Lawrence , Ms. Lee of California , Mr. McEachin , Ms. Moore , Ms. Norton , Ms. Plaskett , Mr. Richmond , Mr. Rush , Mr. David Scott of Georgia , Mr. Thompson of Mississippi , Ms. Underwood , Mrs. Watson Coleman , Ms. Wilson of Florida , and Mr. Cohen ) 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 percent and inserting 21.03 percent . (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.