Summary: S.3317 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.3317. Bill summaries are authored by CRS.

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Introduced in Senate (08/01/2018)

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.