Lessen Impediments from Taxes for Charities Act

H.R. 6460 · 115th Congress · Jul 19, 2018 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to repeal the inclusion of certain fringe benefit expenses for which a deduction is disallowed in unrelated business taxable income.

Section 1 Short title

This Act may be cited as the “Lessen Impediments from Taxes for Charities Act” or the “LIFT for Charities Act”.

Sec. 2 Repeal of inclusion of certain fringe benefit expenses in unrelated business taxable income

(a)

In general— Section 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (7).

(b)

Effective date— The amendment made by this section shall take effect as if included in the amendments made by section 13703 of Public Law 115–97.

Lessen Impediments from Taxes for Charities Act

Section 1 Short title

Sec. 2 Repeal of inclusion of certain fringe benefit expenses in unrelated business taxable income

Cite this provision

Incoming references