[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3332 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3332

 To amend the Internal Revenue Code of 1986 to repeal the inclusion of 
certain fringe benefit expenses for which a deduction is disallowed in 
                   unrelated business taxable income.


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                   IN THE SENATE OF THE UNITED STATES

                             August 1, 2018

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

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the inclusion of 
certain fringe benefit expenses for which a deduction is disallowed in 
                   unrelated business taxable income.

    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 ``Lessen Impediments From Taxes for 
Charities Act'' or the ``LIFT for Charities Act''.

SEC. 2. REPEAL OF INCLUSION OF CERTAIN FRINGE BENEFIT EXPENSES IN 
              UNRELATED BUSINESS TAXABLE INCOME.

    (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 the amendments made by section 13703 of Public 
Law 115-97.
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