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H.R.6460 - LIFT for Charities Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Walker, Mark [R-NC-6] (Introduced 07/19/2018)
Committees: House - Ways and Means
Latest Action: House - 07/19/2018 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
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Summary: H.R.6460 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6460. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/19/2018)

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.