Nonprofits seek numerous changes to 2017 tax law

Nonprofits seek numerous changes to 2017 tax law

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The National Council of Nonprofits today asked the incoming chairmen of Congress' tax committees to support the repeal or modification of numerous provisions of the 2017 tax law, H.R. 1 (115), that the group said are hammering charities.

In a letter to Rep. Richard Neal (D-Mass.) and Sen. Chuck Grassley (R-Iowa), who are set to take charge of the Ways and Means and Finance committees, respectively, in January, NCN asked for the repeal of a 21 percent income tax on transportation fringe benefits that nonprofits provide their employees, and of a requirement to compute unrelated business income and losses if they have more than one unrelated trade or business.

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