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H.R. 6504 - Stop the Tax Hike on Charities and Places of Worship Act

Introduced: 2018-07-25
Bill Status: Referred to the House Committee on Ways and Means.
 

Stop the Tax Hike on Charities and Places of Worship 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 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.

The bill also increases the corporate tax rate from 21% to 22%.

Full Text


115th CONGRESS
2d Session
H. R. 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.


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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Stop the Tax Hike on Charities and Places of Worship Act”.

SEC. 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.

SEC. 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.


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