26Title 26The US tax code, read & explained

26 U.S.C. § 107

§ 107. Rental value of parsonages

89 words · amended 1 times · cited by 3 other sections

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Part of the code since 1954. Last changed May 20, 2002 by the Public Law 107-181.

Every change, newest first (2)
  1. May 20, 2002Public Law 107-181
  2. August 16, 1954Internal Revenue Code of 1954 (original text)

The law as written

Current through Public Law 119-102. Amendment notes omitted.

In the case of a minister of the gospel, gross income does not include—

(1)

the rental value of a home furnished to him as part of his compensation; or

(2)

the rental allowance paid to him as part of his compensation, to the extent used by him to rent or provide a home and to the extent such allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.