H.R. 513

Nonprofits Support Act

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I

116th CONGRESS

1st Session

H. R. 513

IN THE HOUSE OF REPRESENTATIVES

January 11, 2019

Mr. Conaway introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to repeal certain rules related to the determination of unrelated business taxable income.

1.

Short title

This Act may be cited as the Nonprofits Support Act.

2.

Repeal of requirement that unrelated business taxable income be computed separately for each trade or business activity

(a)

In general

Section 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (6).

(b)

Effective date

The amendment made by this section shall take effect as if included in section 13702 of Public Law 115–97.

3.

Repeal of increase of unrelated business taxable income by certain disallowed fringe benefits

(a)

In general

Section 512(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (7).

(b)

Effective date

The amendment made by this section shall take effect as if included in section 13703 of Public Law 115–97.