+Section 512(a)(7) of the tax law would impose an unrelated business income tax (UBIT) on the expenses of nonprofits that provide employees with transportation benefits, such as, transit passes and parking. ...
+Based on Mnuchin's and Brady's comments, and House Speaker Nancy Pelosi's recent statement that Democrats will take their time on fixes to the 2017 tax law, Thompson said he's not optimistic repeal will happen anytime soon.
+But the nonprofit sector is increasingly worried that no such bill will become law before the filing season comes to an end.
+David Thompson predicts that designated parking spots for pastors in Charleston, the so-called “Holy City,” may soon disappear as churches realize they can’t afford a new tax on employee parking.
+“It will impact organizations that never had to file these forms. Now they have to,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits in Washington.
+Meanwhile, the National Council of Nonprofits in late November urged members of Congress to repeal ...
+It’s not all good news.
+But the move didn't satisfy a major nonprofit association, which said repealing the tax is "the only reasonable response."
+David L. Thompson, Vice President of Public Policy of the National Council of Nonprofits, was critical of the IRS’s notice and said that it demonstrates that the tax on nonprofits’ expenses for transportation benefits needs to be repealed.
+Nonprofits were not overly impressed with the new guidance and are hoping for a full repeal of the provision in the Tax Cuts and Jobs Act.
