S 3701 · 93th Congress · Taxation

A bill to provide that income from entertainment activities held in conjunction with a public fair conducted by an organization described in section 501(c), (3) and (5) shall not be unrelated trade or business income and shall not affect the tax exemption of the organization.

Introduced 1974-06-25· Sponsored by Sen. Mathias, Charles McC., Jr. [R-MD]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-06-25)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that income from entertainment activities held in conjunction with a public fair conducted by a tax exempt organization shall not be unrelated trade or business income and shall not affect the tax exemption of the organization under the Internal Revenue Code.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (6)

4 Democrats2 Republicans