II 116th CONGRESS 1st Session S. 501 IN THE SENATE OF THE UNITED STATES February 14, 2019 Mr. Brown 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 increase in unrelated business taxable income by amount of certain fringe benefit expenses.

1. Short title This Act may be cited as the Stop the Tax Hike on Charities and Places of Worship Act . 2. Repeal of increase of unrelated business taxable income by amount of certain 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 . 3. Increase in tax imposed on corporations (a) In general Section 11(b) of the Internal Revenue Code of 1986 is amended by striking 21 percent and inserting 22 percent . (b) Effective date The amendment made by this section shall apply with respect to taxable years beginning after the date of the enactment of this Act.