Nonprofits and Foundations Poised to Score Victories in Tax Legislation

Nonprofits and Foundations Poised to Score Victories in Tax Legislation

Printer-friendly version

The "parking tax," as the provision was called, was bitterly opposed by a wide swath of nonprofit and advocacy organizations. The provision changed how the unrelated-business income tax was applied to nonprofits, resulting in a new 21 percent levy on parking and transportation benefits offered to nonprofit employees.

The provision reversing the levy is tucked in a larger spending package that must pass by the end of the week to keep government agencies operating. The House passed the bill today, and Senate action is expected to follow quickly.

"We came out of the woodwork on this issue," said David Thompson, vice president for public policy at the National Council of Nonprofits. "There was a great deal of frustration and genuine anger from nonprofits."

Source Name: 
The Chronicle of Philanthropy
Find Your State Association of Nonprofits

Find Your State Association of Nonprofits

Connect with local resources and expertise

Find

Connect With Us

1. Sign up for updates

Stay up-to-date with the latest nonprofit resources and trends by subscribing to our free e-newsletters.

2. Follow us on social media