US Codex
Bill
Notes

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.

H.R. 1545 · 116th Congress · Mar 5, 2019 · Lineage

A BILL

Section 1 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.