Alert: Royalties Removed from Senate Tax Bill

Over the past couple of weeks, ASAE – supported by associations around the country – has worked to remove the provision in the Senate tax bill to tax associations’ royalty income. Thank you to all who joined the effort. We are pleased to report that the royalties provision has been removed from the final Senate… Read more »

Senate Likely to Clear Tax Bill Tonight

Senate leaders are still working on changes to the GOP tax bill, but key holdouts are falling in line in support of the effort and Majority Leader Mitch McConnell (R-KY) predicted earlier today that he will hold a final vote on the bill either tonight or Friday morning. In the meantime, senators continue to advocate… Read more »

Share Your Royalties Story with ASAE

ASAE is collecting stories about how the taxation of royalty income would impact associations, with the goal of sharing those specific examples with Senate offices prior to next week’s expected floor vote. ASAE has been working to change a provision in the Senate tax bill that would subject royalty income derived from the licensing of… Read more »