Lawmakers strike agreement on last-minute tax package
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At the same time, the legislation would rescind a controversial tax included in the 2017 tax law on fringe benefits churches and other nonprofits provide their workers. That would cost $1.9 billion, JCT says.
“We’re delighted that our elected leaders agreed to agree for a change,” said the National Council of Nonprofits’ David Thompson. “It’s regrettable, though, that it took so long to repeal a tax that never made sense to anyone and that forced thousands of frontline nonprofits to divert two years of attention and millions of dollars away from their missions.”
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Politico