H.R.3323 - Nonprofit Relief Act of 2019116th Congress (2019-2020)
|Sponsor:||Rep. Maloney, Carolyn B. [D-NY-12] (Introduced 06/18/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 06/18/2019 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3323 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (06/18/2019)
Nonprofit Relief Act of 2019
This bill amends Internal Revenue Code provisions relating to tax-exempt or organizations to
- repeal the requirement that the unrelated business taxable income of tax-exempt organizations be computed separately for each trade or business activity,
- exclude from the gross income of charitable volunteers reimbursement of expenses for the use of a passenger vehicle for the benefit of a charitable organization, and
- allow the tax credit for employer-paid family and medical leave for nonprofit employers.
The bill also increases the corporate income tax rate from 21% to 21.06% (as an offset to the cost of this bill).