Summary: H.R.3323 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3323. Bill summaries are authored by CRS.

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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).