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.

I 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. 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. REPEAL OF INCLUSION OF CERTAIN FRINGE 3 BENEFIT EXPENSES IN UNRELATED BUSI- 4 NESS TAXABLE INCOME. 5 (a) IN GENERAL.—Section 512(a) of the Internal 6 Revenue Code of 1986 is amended by striking paragraph 7 (7). 8 VerDate Sep 11 2014 18:12 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1545.IH H1545 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 1545 IH (b) EFFECTIVE DATE.—The amendment made by 1 this section shall take effect as if included in the amend- 2 ments made by section 13703 of Public Law 115–97. 3 Æ VerDate Sep 11 2014 18:12 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1545.IH H1545 pamtmann on DSKBFK8HB2PROD with BILLS