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 »

W&M Hearing to Focus on Fringe Benefits Tax

The House Ways and Means Oversight Subcommittee will hold a hearing June 19 focused on ending the 21 percent unrelated business income tax on certain employee benefits provided by associations and other tax-exempt organizations. ASAE and its UBIT Coalition have been pushing Congress to repeal the tax for more than a year. The tax, enacted… Read more »

UBIT Comes Up at Ways and Means Hearing

Rep. Ben McAdams (D-UT) this week urged his fellow members of the powerful House Ways and Means Committee to repeal the unrelated business income tax on certain employee benefits provided by associations and other types of nonprofit groups. The tax is on benefits such as parking and transportation, and is proving to be a huge… Read more »

New Legislation Aims to Repeal UBIT on Fringe Benefits

On May 2, Senators Ted Cruz (R-TX) and Jeanne Shaheen (D-NH) introduced the bipartisan Preserve Charities and Houses of Worship Act to repeal taxes on nonprofit fringe benefit offerings. This legislation, which accompanies a previously introduced bill in the US House of Representatives, would also rescind the requirement that organizations report their unrelated businesses or… Read more »

Walker, Suozzi Introduce UBIT Repeal Bill

Reps. Mark Walker (R-NC) and Tom Suozzi (D-NY) introduced a bill March 5 to repeal the unrelated business income tax on certain employee benefits provided by associations and other tax-exempt organizations. The bill is a companion to legislation introduced last week by Sens. James Lankford (R-OK) and Chris Coons (D-DE). The tax on nonprofit fringe… Read more »