Yesterday, the Senate Finance Committee released revisions to its portion of the “One Big Beautiful Bill Act,” which was passed by the House of Representatives last month. Republicans hope to enact the bill by July 4. For more information, see NCN’s full analysis of the Senate tax reconciliation package, updated one-pager on how to protect nonprofits in tax reconciliation, and updated chart of tax provisions impacting the sector.
Thanks to your effective advocacy, Senate leaders have made several changes to the tax reconciliation package, including expanding the universal charitable deduction, eliminating proposed new taxes on private foundations, and eliminating a proposed tax on transportation benefits provided by nonprofit employers. This builds on effective advocacy from nonprofit organizations earlier when House leaders removed a provision that would have granted unprecedented authority to the Executive Branch to revoke nonprofit tax-exempt status without due process.
There is more work to do! The revised legislation still includes several harmful provisions that will directly impact the nonprofit sector and its ability to serve people in communities nationwide.
The bill now heads to the Senate floor for a vote as soon as next week. Because the Senate made changes to the House-passed version, the bill must be voted on again in the House of Representatives before it goes the President Trump’s desk for his signature. | 
