H.R. 1223 - Stop the Tax Hike on Charities and Places of Worship Act

116TH CONGRESS
1ST SESSION

H.R. 1223

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 HOUSE OF REPRESENTATIVES

FEBRUARY 14, 2019

Mr. CLYBURN (for himself, Ms. CLARKE of New York, Mr. SUOZZI,
Mr. HORSFORD, Ms. HILL of California, Mrs. BEATTY, Mr. BISHOP
of Georgia, Mr. BROWN of Maryland, Ms. BROWNLEY
of California, Mr. BUTTERFIELD, Mr. CLAY, Mr. CLEAVER,
Mr. CUMMINGS, Mrs. DEMINGS, Ms. FUDGE, Mr. HASTINGS,
Ms. JOHNSON of Texas, Mrs. LAWRENCE, Ms. LEE of California,
Mr. MCEACHIN, Ms. MOORE, Ms. NORTON, Ms. PLASKETT,
Mr. RICHMOND, Mr. RUSH, Mr. DAVID SCOTT of Georgia,
Mr. THOMPSON of Mississippi, Ms. UNDERWOOD, Mrs. WATSON COLEMAN,
Ms. WILSON of Florida, and Mr. COHEN) 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 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 his 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 "21.03 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.