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H.R.6037 - Nonprofits Support Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Conaway, K. Michael [R-TX-11] (Introduced 06/07/2018)
Committees: House - Ways and Means
Latest Action: House - 06/07/2018 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
  • CBO Cost Estimates [0]

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Summary: H.R.6037 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6037. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/07/2018)

Nonprofits Support 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 provisions that: (1) require organizations with more than one unrelated trade or business to compute unrelated business taxable income separately for each trade or business; and (2) increase unrelated business taxable income by the amount of expenses paid or incurred by an 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.