116 HR 513 IH: Nonprofits Support Act U.S. House of Representatives 2019-01-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I116th CONGRESS1st SessionH. R. 513IN THE HOUSE OF REPRESENTATIVESJanuary 11, 2019Mr. Conaway introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo 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.