H.R.513: Nonprofits Support Act
The Nonprofits Support Act would 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.
UBIT repeal was incorporated into the National Law Enforcement Museum Commemorative Coin Act, which became law in December of 2019.View Full Overview
Date IntroducedJanuary 11, 2019
CommitteeHouse Ways and Means Committee
Bill StatusIntroduced or Prefiled
Assigned ContactDavid Thompson
Washington DC , 20001