115-hr-6037115th Congress

Nonprofits Support Act

Sponsored By: Representative Conaway, K. Michael [R-TX-11]

Unknown

Summary

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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Conaway, K. Michael [R-TX-11]

TX • R

Cosponsors

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 7/3/2018

  • WALTER JONES

    NC • R

    Sponsored 7/3/2018

  • MICHAEL CAPUANO

    MA • D

    Sponsored 7/10/2018

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 7/24/2018

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 9/4/2018

  • Rep. Rooney, Thomas J. [R-FL-17]

    FL • R

    Sponsored 10/5/2018

Roll Call Votes

No roll call votes available for this bill.

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