Transportation TaxLast week we asked you to contact your legislators about the impact the changes in the nonprofit transportation tax is causing. Note: this tax will only be applied to those organizations providing transportation benefits for their employees. In about three weeks, charitable nonprofits, houses of worship, foundations, and other nonprofits will have to send in estimated payments to the IRS to pay taxes on their expenses for providing transportation benefits, including free parking and transit passes. More tax payments will be due a month later. Tens of thousands of nonprofit organizations will make payments to the IRS on this tax unless nonprofits ask that Congress repeal the nonprofit transportation tax. You can help by taking at least two actions today: sign your organization onto a letter calling for repeal (see text of the letter), and contact our Senators and your Representative to ask for repeal now! The countdown clock is ticking rapidly - thus the urgency of this message: Congress needs to hear from charitable, faith-based, philanthropic, and other nonprofits today. We must voice our concerns. Support from all Sides There is broad, bipartisan support for repealing this tax on tax-exempt organizations. In fact, there is not a Senator or Representative on record supporting keeping the tax. The problem is timing: left on its own, Congress won’t get around to repealing the nonprofit transportation tax until later this year or next, if at all.
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In This IssueWe are just one month away from the deadline! Are you ready? Make sure you have your profile set up to accept donations. Don’t know where to start? Here’s what you need to know for 2019. We guarantee that if you attend ALL seven scheduled training webinars (live or recorded) and put in the effort, you will raise money! If, for some reason you don’t have a single donation, we will refund your registration fee. Registration Closes April 15 Under the 2017 Tax Cuts and Jobs Act, nonprofits are now required to pay a 21% federal tax on the cost of employee transportation benefits, including transit and parking. Last Friday, Speaker Pelosi stated that House Democrats are slowing the review of the tax law, which could mean that nonprofits and houses of worship providing parking (free and otherwise) and covering transit costs for employees will need to make tax payments as soon as next month. To better understand the impact of these taxes, check out this free report created by Independent Sector in partnership with researchers at the Urban Institute and George Washington University. The IdahoThe Idaho Nonprofit Center invites you to complete our Call for Speakers form. We are looking for facilitators to present breakout sessions (75 minutes long) for our 2019 Annual Nonprofit Conference on September 4, 5, and 6. Suggested topics include, but are not limited to:
Advocacy WinThe mission of the Idaho Nonprofit Center is to educate, advocate, and collaborate in support of stronger nonprofits. This year we were able to fulfill the advocate part of our mission in a big way at the Idaho State Legislature. Since the legislative session began, we have been telling you about our concerns regarding the campaign finance bill numbered S1114. Generally, we were concerned about the proposed addition of “ballot measures” to the definition of electioneering communications which would mean any nonprofit that engages in advocacy would be part of the code. |
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