Local nonprofits face uncertainty in wake of new tax law

Local nonprofits face uncertainty in wake of new tax law

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McCrary said he supports tax cuts, but he thinks the government shouldn’t offset them with provisions that impact historically tax-exempt organizations. The foundation leader said he is pleased about Conaway’s bill and what could come from it.

“We’re grateful for his attention to this matter and hopeful that others across the nation will see the value of this resolution he’s introduced,” McCrary said.

The foundation and MARC were also listed among the signers of an online petition that calls for ending the parking-related provision of the tax through legislation or Treasury Department action. The petition from the Evangelical Council for Financial Accountability had garnered nearly 2,300 signatures from organizations across the country as of Thursday afternoon.

“We’re just trying to advocate for nonprofit organizations because nonprofits are very important,” Saiz said. “We serve a very critical service to the community as a whole.”

Nationwide groups, such as the National Council of Nonprofits and Council on Foundations, have also published letters requesting guidance and clarification about the tax provisions.

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Midland Reporter-Telegram
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