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senate Bill S. 3317

Protect Charities and Houses of Worship Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Finance
    IntroducedAugust 1st, 2018

Bill Details

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Title

Protect Charities and Houses of Worship Act

Official Title

A bill to amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

Summary

Protect Charities and Houses 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 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.