Thank you to all those who have advocated on behalf of the association community to protect the tax treatment of association royalties in the Senate tax bill. The Senate is expected to vote on its tax plan this week, so now is the time to reach out to any Republican senators if you have concerns about how the bill treats associations and other tax-exempt organizations. We have compiled a document for Members of Congress and staff that explains how associations use royalties and gives examples from associations around the country. If you have a Senate contact we urge you to share this document with them.
Associations around the country rely on royalties as passive income that’s reinvested in their exempt mission. Any expansion of the UBIT statute could significantly impact any association’s bottom line, directly affecting its ability to carry out its work. We know that royalties are a significant source of non-dues revenue for associations that can be reinvested in education, skills training, standard-setting, research and other activities. We need to share this message with Congress.
Thank you for your support. To read more about this issue visit our Power of A website here. If you have any questions, please contact the Public Policy Department at 202.626.2788 or firstname.lastname@example.org.