As congressional Republicans continue to fast-track a massive overhaul of the tax code before the end of the year, House Ways and Means Committee Chairman Kevin Brady acknowledged that Congress will likely have to take up legislation next year to fix any glitches and unintended consequences in the bill. “I’m certain there will be technical… Read more »

Congressional Republicans say they have hashed out the final details of their sweeping tax bill and are planning to hold final votes on the conference committee report early next week. The negotiated plan includes a 21 percent corporate tax rate and a 37 percent top tax rate for individuals, beginning in 2018. “Pass-through” businesses that… Read more »

The House Ways and Means Oversight Subcommittee has scheduled a hearing Dec. 13 to discuss ways to restructure the IRS. Oversight Subcommittee Chairman Vern Buchanan (R-FL) said he is working on legislation that could be introduced next year that would make changes to the agency. Congressional Republicans have cut the IRS budget by nearly 20… Read more »

The House is set to vote today on a short-term funding bill to keep the government open for another two weeks and prevent a shutdown. Speaker Paul Ryan (R-WI) said he’s confident Republicans have the votes to pass a continuing resolution to fund government agencies until Dec. 22, buying lawmakers more time to send a… Read more »

The Supreme Court on Monday allowed the Trump administration’s revised travel ban to be enforced while legal challenges proceed in the lower courts. The court’s opinion is “a substantial victory for the safety and security of the American people,” said Attorney General Jeff Sessions in a statement. “We are pleased to have defended this order… Read more »

Congressional leaders have named the conferees who will work to narrow differences between the House and Senate tax bills. House Ways and Means Committee Chairman Kevin Brady (R-TX) signaled he is open to discussing major changes to the bill in conference, including whether to hike the corporate tax rate to 22 percent from the current… Read more »

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 »

Thank you to everyone who has weighed in on the provision in the Senate bill to tax associations’ royalty income. Unfortunately the Senate tax reform legislation still includes this damaging provision. We still need your help.  We are still very hopeful that the royalties’ provision in the tax bill will be remedied in the manager’s amendment… Read more »

Make plans now to join ASAE Public Policy on Capitol Hill for the American Associations Day fly-in March 21-22 in Washington, DC. This is the only legislative fly-in where association professionals can meet with the staffs of members of Congress and advocate for association management issues. The event is open to any association professional or… Read more »

Nonprofit organizations will need to reapply for tax-exempt status in the District of Columbia every five years, according to a city tax auditor quoted by Bloomberg BNA. Priscilla Wicker, a tax auditor with the District’s Office of Chief Financial Officer, reportedly told a DC Bar audience this week that the city is going to start… Read more »