Pennies from heaven? Overlooked provision in Republican tax bill has churches on edge

Pennies from heaven? Overlooked provision in Republican tax bill has churches on edge

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The National Council of Nonprofits – the nation’s largest network of charitable organizations — called on the IRS and Treasury Secretary Steven Mnuchin’s office to delay implementation of the tax on fringe benefits.

“In the weeks since that statement was delivered to your offices, hundreds and perhaps thousands of charitable organizations, houses of worship, and foundations have raised additional questions and submitted substantive statements about the very pressing need for guidance before they can comply with the new requirements,” said the June 21 letter signed by two council vice presidents.

Specifically, the group asked government officials to postpone the change until a year after final rules are promulgated to give the non-profit sector time and guidance to fully understand its obligations.

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Baptist News Global
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