Senate Bills Would Repeal Fringe Benefits Provision

Lawmakers are increasingly aware of the need to fix a provision in the new tax law that requires tax-exempt organizations to pay taxes on employee parking and transportation benefits. Sens. Ted Cruz (R-TX) and James Lankford (R-OK) introduced separate bills this week that would repeal the mandate requiring associations, charities, churches and other tax-exempt organizations… Read more »

Lawmakers Introduce Lobbying Reform Bill

Sen. Michael Bennet (D-CO) and Rep. John Sarbanes (D-MD) introduced legislation July 25 to curb “pay-to-play” politics and strengthen lobbying disclosure laws. The bill would end the 20 percent threshold for lobbying registrations and would also require consultants who only provide “strategic advice in support of lobbying” to register. The bill would also prevent congressional… Read more »

Brady Introduces Tax Reform 2.0 Framework

House Republicans on July 24 unveiled a broad framework for the next phase of tax reform, which would make permanent tax cuts for individuals and small business owners that were enacted in last year’s tax law. Dubbed “Tax Reform 2.0,” the package has three distinct objectives: making the individual tax cuts permanent, promoting retirement savings,… Read more »

Treasury Nominee Defends Donor Disclosure Change

President Trump’s nominee to be deputy Treasury secretary today defended the agency’s decision to scrap donor disclosure rules for most tax-exempt organizations. Treasury and the IRS announced the policy change last week, saying the IRS no longer has an administrative need for continuing the routine collection of donor names and addresses. Charities and section 527… Read more »

Brady to Release ‘Tax Reform 2.0’ Next Week

House Ways and Means Committee Chairman Kevin Brady (R-TX) said July 18 he plans on releasing an outline of his “Tax Reform 2.0” package next week. Brady’s outline is expected to include a number of tax bills that could be passed at the same time this fall, including a measure to make permanent some of… Read more »