S.1282: Preserve Charities and Houses of Worship Act

Overview

The unrelated business taxable income (UBIT) was repealed for nonprofits in December of 2019

Related Bills

H.R.513

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 […]

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S.309

The For the 99.8 Percent Act (S. 309) would dramatically restructure the estate tax to reverse the erosion of the tax base that has taken place over the past 20 years. The bill would reduce the estate tax exemption threshold from 11.4 million to 3.5 million (where it was in 2009). It would then add […]

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Contact Your Members of Congress

Our Stance

Support

Priority

High

Bill Number

S.1282

Date Introduced

May 02, 2019

Committee

Senate Finance Committee

Bill Status

Introduced or Prefiled

Sponsor

Sen. Ted Cruz

Co Sponsors