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.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1545 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1545

 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 HOUSE OF REPRESENTATIVES

                             March 5, 2019

 Mr. Walker (for himself, Mr. Duncan, Mr. Hice of Georgia, Mr. Gaetz, 
 Mr. Lamborn, Mr. Suozzi, and Mr. Budd) 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 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. 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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