HR 1161 · 104th Congress · Taxation
To amend the Internal Revenue Code of 1986 to provide an exclusion from unrelated business taxable income for certain sponsorship payments.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Committee Hearings Held.(1995-07-12)
Plain Language Summary
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Amends the Internal Revenue Code to declare that unrelated trade or business does not include the activity of soliciting and receiving qualified sponsorship payments for purposes of the tax on unrelated business income of charitable and other tax-exempt organizations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
8 Democrats12 Republicans