Congress Urged to Delay Tax on Fringe Benefits

ASAE and other members of the UBIT Coalition have drafted a sign-on letter urging Congress to delay the effective date of a provision in last year’s tax law that imposes a 21 percent unrelated business income tax on qualified transportation benefits. The tax change is forcing many tax-exempt employers, including churches and other 501(c)(3) groups,… Read more »

House Votes on Tax 2.0 Expected This Week

The House is expected to vote this week on a package of bills known as “Tax 2.0” that among other things would make permanent the individual tax cuts in last year’s Tax Cuts and Jobs Act. While House leaders view a second round of tax cuts to be politically popular in advance of the November… Read more »

Ways and Means to Vote on Tax 2.0 Package

The House Ways and Means Committee is expected to pass its “Tax 2.0” package that would make permanent already-passed tax changes for individuals and small businesses and make it easier for families to save for retirement. Ways and Means Committee Chairman Kevin Brady (R-TX) said the three bills that make up “Tax 2.0” collectively build… Read more »

Ryan Planning Tax 2.0 Vote This Month

House GOP leaders are still planning a vote on a second round of tax cuts this month, despite the potential conflict for House Republicans running close races in high-tax blue states this fall. The “Tax 2.0” package would make permanent all the individual tax changes in last year’s Tax Cuts and Jobs Act, including a… Read more »

House Republicans Rethinking Tax 2.0 Bill

House Republicans are still intent on passing a second round of tax cuts before the November elections, but controversy over how to address the tax law’s $10,000 cap on state and local tax deductions is giving GOP tax-writers pause in drafting a package. The SALT cap, which under the Tax Cuts and Jobs Act is… Read more »