I 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 Geor- gia, 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 COLE- MAN, 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Stop the Tax Hike 4 on Charities and Places of Worship Act’’. 5 VerDate Sep 11 2014 07:29 Feb 27, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1223.IH H1223 kjohnson on DSK79L0C42 with BILLS 2 •HR 1223 IH SEC. 2. REPEAL OF INCREASE OF UNRELATED BUSINESS 1 TAXABLE INCOME BY AMOUNT OF CERTAIN 2 FRINGE BENEFITS. 3 (a) IN GENERAL.—Section 512(a) of the Internal 4 Revenue Code of 1986 is amended by striking paragraph 5 (7). 6 (b) EFFECTIVE DATE.—The amendment made by 7 this section shall take effect as if included in section 8 13703 of Public Law 115–97. 9 SEC. 3. INCREASE IN TAX IMPOSED ON CORPORATIONS. 10 (a) IN GENERAL.—Section 11(b) of the Internal Rev- 11 enue Code of 1986 is amended by striking ‘‘21 percent’’ 12 and inserting ‘‘21.03 percent’’. 13 (b) EFFECTIVE DATE.—The amendment made by 14 this section shall apply with respect to taxable years begin- 15 ning after the date of the enactment of this Act. 16 Æ VerDate Sep 11 2014 07:29 Feb 27, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1223.IH H1223 kjohnson on DSK79L0C42 with BILLS