Senate Finance Committee Targets Associations

Yesterday, the association community had a major win when provisions that would negatively impact the association community were removed from the House tax bill. Last night, however, the Senate released a bill that includes some of the same provisions we fought in the House bill along with several new proposals that we strongly believe would… Read more »

Senate GOP Releases ‘Conceptual’ Tax Plan

Senate leaders have shared a “conceptual mark” of their tax plan that is markedly different from the tax bill moving through the House. The Senate plan is being presented as a narrative, rather than actual bill text, to allow for more “fulsome and engaged discussion,” according to a statement from the Senate Finance Committee. Senate… Read more »

Ways and Means Advances Revised Tax Bill

Ways and Means Republicans advanced the Tax Cuts and Jobs Act this afternoon after Chairman Kevin Brady (R-TX) made a few revisions, including a change that preserves the deferred compensation arrangements that many associations use to attract and retain top executives. ASAE delivered a sign-on letter to House and Senate tax-writers last night expressing concern… Read more »

ASAE to Hold Tax Reform Program

ASAE is hosting a panel discussion on tax reform and the possible impact on associations on Dec. 6 from 9:30 a.m.-11 a.m. at ASAE’s offices in Washington, DC. The panel will discuss specific provisions in the tax bill the House released today, as well as how those proposed changes to the tax code impact associations…. Read more »

House GOP Releases Sweeping Tax Bill

After weeks of closed-door meetings, House Republicans on Nov. 2 rolled out their much-anticipated tax bill which would slash the corporate tax rate to 20 percent and create three new individual tax brackets of 12 percent, 25 percent and 35 percent. The top tax rate for high earners would stay at 39.6 percent. Republican leaders… Read more »