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Senate Bill 501
116th Congress(2019-2020)
Stop the Tax Hike on Charities and Places of Worship Act
Introduced
Introduced
Introduced in Senate on Feb 14, 2019
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Introduced in Senate 
Feb 14, 2019
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Introduced in Senate(Feb 14, 2019)
Feb 14, 2019
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 501 (Introduced-in-Senate)


116th CONGRESS
1st Session
S. 501


To amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.

IN THE SENATE OF THE UNITED STATES

February 14, 2019

Mr. Brown introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to repeal the increase in unrelated business taxable income by amount of certain fringe benefit expenses.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Stop the Tax Hike on Charities and Places of Worship Act”.

SEC. 2. Repeal of increase of unrelated business taxable income by amount of certain 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.

SEC. 3. Increase in tax imposed on corporations.

(a) In general.—Section 11(b) of the Internal Revenue Code of 1986 is amended by striking “21 percent” and inserting “22 percent”.

(b) Effective date.—The amendment made by this section shall apply with respect to taxable years beginning after the date of the enactment of this Act.