Senate Rejects Competing Plans to End Shutdown

The Senate this afternoon rejected competing Republican and Democratic plans to end the partial government shutdown, now in its 34th day. The Republican plan, put forth by President Trump, would have provided temporary protections for young immigrants currently enrolled in the Deferred Action for Childhood Arrivals (DACA) program in exchange for $5.7 billion for Trump’s… Read more »

Federal and State Privacy Legislation Gaining Steam

Federal and state lawmakers are stepping up efforts to pass legislation regulating how companies collect and use personal data. Calls for a national privacy law have gained force after some high-profile missteps last year like Facebook’s Cambridge Analytica scandal and the enactment of sweeping privacy regulations in Europe that among other things require companies to… Read more »

IRS Issues Interim Guidance on Nonprofit Excise Tax

Despite the partial government shutdown, the IRS on Dec. 31 issued interim guidance on the 21 percent excise tax on tax-exempt executive compensation exceeding $1 million in any taxable year, enacted as part of the 2017 tax law. ASAE has flagged the tax as concerning to the tax-exempt community, particularly because compensation subject to the… Read more »

House Bill Would Lift Ban on IRS Politicking Rules

House Democrats introduced a massive government oversight package last Friday that among other things would require the IRS to issue rules clarifying the permitted political activities of 501(c)(4) groups. The House package, introduced as H.R. 1, includes numerous provisions Democrats have wanted to pass to limit the influence of so-called “dark money” in politics. Section… Read more »