Summary: H.R.1545 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1545. Bill summaries are authored by CRS.

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Introduced in House (03/05/2019)

This bill modifies 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.