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Congressional Committee Passes Repeal of Nonprofit ‘Parking Tax’

June 21, 2019 11:39 AM | Philanthropy Delaware (Administrator)

The House Ways and Means Committee passed legislation Thursday that would repeal a tax on nonprofits’ transportation benefits, clearing the way for a floor vote on a provision in the 2017 tax overhaul that is reviled by many nonprofits.

Often called the "parking tax," the provision changed how the unrelated business income tax was applied to nonprofits, resulting in a new 21 percent levy on parking and transportation benefits offered to employees of charities and churches.

Eliminating the provision was a key priority of many nonprofit advocacy groups, including the Council on Foundations, Independent Sector, the National Council of Nonprofits, and the United Philanthropy Forum.

Congressional Committee Passes Repeal of Nonprofit _Parking Tax’ - The Chronicle of Philanthropy.pdf

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