UBIT Coalition Pushing for Year-End Tax Fix

ASAE and its UBIT Coalition continue to press Congress to repeal the 21-percent tax on nonprofit parking and transportation benefits in any year-end tax package or government funding bill. Repealing the tax, enacted as part of the 2017 Tax Cuts and Jobs Act, has bipartisan support but lawmakers are running out of time to get… Read more »

ASAE Urges Congress to Include UBIT Repeal in CR

ASAE and its UBIT Coalition delivered a letter to House and Senate leaders yesterday urging them to include repeal of the 21 percent tax on parking and transportation benefits that tax-exempt organizations provide to employees in the short-term continuing resolution that Congress is set to pass in the next few days. Repealing the nonprofit benefits… Read more »

Nonprofits Still Seeking Repeal of Fringe Benefits Tax

With limited time left in this year’s Congressional calendar, must-solve issues continue to saturate the legislative agenda. One such issue – also the center of ASAE public policy efforts – is repeal of a 21-percent tax on parking and transit benefits provided by tax-exempt employers. ASAE and its UBIT Coalition are urging all stakeholders to… Read more »

Tax Package Debate Likely to Be Protracted

Negotiations over a tax package that passed the House Ways and Means Committee last week are likely to draw out over the summer as lawmakers debate whether and how to offset the cost of various provisions. The Ways and Means Committee last week advanced four tax bills, including a measure to repeal the 21 percent… Read more »

House Extenders Package Includes UBIT Repeal

The House Ways and Means Committee passed a tax extenders package today that includes a provision to repeal the 21 percent tax on certain employee benefits provided by associations and other nonprofit organizations. ASAE and its UBIT Coalition have been pushing Congress to repeal the tax for more than a year. The unrelated business income… Read more »