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.
View on Congress.gov