II 115th CONGRESS 2d Session S. 3332 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 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.

1. Short title This Act may be cited as the Lessen Impediments From Taxes for Charities Act or the LIFT for Charities Act . 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 .