+David Thompson, vice president for public policy at the National Council of Nonprofits, said he feared the new rules could have a chilling effect on nonprofit mergers and discourage talented workers from jumping into the nonprofit world.
+Jeff Shaw, director of public policy at the CT Nonprofit Alliance, which represents small- to medium-sized nonprofits, said the recent survey results are concerning, but he warned it's too early to determine whether the downturn in donations is a...
+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.
+Nonprofits nationwide are bracing for what could be an even larger decline in 2018 because of changes that gave taxpayers a larger standard deduction for 2018 and made itemizing unnecessary for many.
+“The preliminary data is showing for the small- to mid-sized nonprofits, they’re the ones suffering the most.
+The Kentucky Nonprofit Network released the following statement on the bill's passage.
+“We know that most people who donate to charitable nonprofits do so because they believe in the mission of the organization and not for a tax deduction,” said Rick Cohen, Chief Communications Officer for National Council of Nonprofits.
+The tax applies to things such as as free parking, employer-subsidized transit fares and even flexible spending accounts such as the pre-tax deductions for mass transportation expenses, said Linda Czipo, president and chief executive of the...
+But the nonprofit sector is increasingly worried that no such bill will become law before the filing season comes to an end.
