[DOCID: f:h986ih.txt]






107th CONGRESS
  1st Session
                                H. R. 986

 To amend the Internal Revenue Code of 1986 to provide that long-term 
 vehicle storage by tax-exempt organizations which conduct county and 
 similar fairs shall not be treated as an unrelated trade or business.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2001

   Mr. Camp 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 provide that long-term 
 vehicle storage by tax-exempt organizations which conduct county and 
 similar fairs shall not be treated as an unrelated trade or business.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Fairness for County Fairs Act of 
2001''.

SEC. 2. TREATMENT OF LONG-TERM VEHICLE STORAGE BY ORGANIZATIONS 
              CONDUCTING COUNTY FAIRS, ETC.

    (a) In General.--Subsection (d) of section 513 of the Internal 
Revenue Code of 1986 (defining unrelated trade or business) is amended 
by adding at the end the following new paragraph:
            ``(5) Vehicle storage.--The term `unrelated trade or 
        business' shall not include any activity--
                    ``(A) which is conducted by a qualifying 
                organization described in paragraph (2)(C), and
                    ``(B) which consists of providing storage (for 
                periods of not less than 1 month) for vehicles, boats, 
                and trailers on the grounds of the fair or exposition 
                referred to in such paragraph.''
    (b) Effective Date.--The amendment made by this section shall apply 
to activities in taxable years beginning after the date of the 
enactment of this Act.
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