Nonprofits seek numerous changes to 2017 tax law

Nonprofits seek numerous changes to 2017 tax law

Printer-friendly version

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.

Source Name: 
Politico
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