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Home > Lawmakers strike agreement on last-minute tax package

Lawmakers strike agreement on last-minute tax package

December 17, 2019 Publication: Politico | Posted in:
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Transportation Tax
UBIT
Tax Reform
Transportation Benefits
Council of Nonprofits in the News [1]

At the same time, the legislation would rescind a controversial tax  [2]included in the 2017 tax law on fringe benefits churches and other nonprofits provide their workers. That would cost $1.9 billion, JCT says.

“We’re delighted that our elected leaders agreed to agree for a change,” said the National Council of Nonprofits’ David Thompson. “It’s regrettable, though, that it took so long to repeal a tax that never made sense to anyone and that forced thousands of frontline nonprofits to divert two years of attention and millions of dollars away from their missions.”

Source Name: 
Politico
Source Link: 
https://www.politico.com/news/2019/12/17/lawmakers-strike-agreement-on-l... [3]

Source URL:https://www.councilofnonprofits.org/article/lawmakers-strike-agreement-last-minute-tax-package

Links
[1] https://www.councilofnonprofits.org/article-categories/council-of-nonprofits-the-news [2] https://www.politico.com/story/2018/06/26/republican-tax-law-churches-employees-670362 [3] https://www.politico.com/news/2019/12/17/lawmakers-strike-agreement-on-last-minute-tax-package-086416