All Information (Except Text) for S.3332 - LIFT for Charities Act115th Congress (2017-2018)
|Sponsor:||Sen. Lankford, James [R-OK] (Introduced 08/01/2018)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 08/01/2018 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
LIFT for Charities Act
Lessen Impediments From Taxes for Charities Act
Actions Overview (1)
|08/01/2018||Introduced in Senate|
08/01/2018 Introduced in Senate
All Actions (1)
|08/01/2018||Read twice and referred to the Committee on Finance.|
Action By: Senate
08/01/2018 Read twice and referred to the Committee on Finance.
|Sen. Blunt, Roy [R-MO]||08/22/2018|
|Sen. Ernst, Joni [R-IA]||09/25/2018|
|Sen. Coons, Christopher A. [D-DE]||12/11/2018|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Finance||08/01/2018||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (08/01/2018)
Lessen Impediments From Taxes for Charities Act or the LIFT for Charities 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 a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt 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.