Brady amends his tax package to help nonprofits

Brady amends his tax package to help nonprofits

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While Brady's bill may not ultimately become law, there has been bipartisan criticism of the tax on nonprofits' expenses for transportation benefits.

Sens. James Lankford (R-Okla.) and Chris Coons (D-Del.), the leaders of the Senate Appropriations subcommittee with jurisdiction over the IRS, sent a letter to Treasury Secretary Steven Mnuchin earlier this week urging him to delay implementation of the tax until one year after regulations were issued on it.

“We’re encouraged by the bipartisan recognition of the damage that a new 21 percent tax would have on nonprofits’ ability to serve their communities – forcing them to make an impossible choice between diverting resources from their mission to pay a new tax or cutting benefits for employees who are essential to their work," David L. Thompson, vice president of public policy at the National Council of Nonprofits, said in a statement.

Source Name: 
The Hill
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