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Sign on to this Letter to Congress! Repeal the Parking Tax on Nonprofits!

Posted By Benjamin Bullock, Together SC, Thursday, March 28, 2019

It was in a paragraph somewhere...

One of those "little things" in the sweeping 2017 Tax Reform Act was a new 21% "Unrelated Business Income Tax" (UBIT) on charitable nonprofits on "Parking Benefits", designed to somehow "maintain parity" for the repeal of such tax deduction for for-profit companies.

What Parking Benefits?

Does your organization provide parking for your employees? Perhaps some spaces in a garage or parking lot? Or perhaps you provide bus passes or Uber/Lyft credits for your employees? For-profit companies used to be able to write such expenses off on their taxes, while nonprofits were already exempt. When Congress repealed that deduction, they decided that it was "only fair" to make nonprofits pay an extra tax, where there was none before. Taxes for 2018 are due on April 15, 2019.

We don't think that's fair at all.

Why should our donors' contributions go to pay an income tax on an expense, and one that for-profit businesses don't have to pay? Together SC's position on this is: 

“Charitable nonprofit organizations provide services and social good for all South Carolinians, and in recognition, are exempted from income and other taxes. These exemptions allow the contributions of citizens to be used completely to further the missions of the causes they care about, and not to have a portion of their contributions be diverted by taxes.”

Most of Congress Agrees!

Repealing this tax isn't very controversial, but it's pretty low on Congress' priorities right now. A national coalition of nonprofits is asking House and Senate Tax leaders to make repealing this tax a priority, through this sign on letter. Will you sign on behalf of your organization before April 3? 

Learn more about this new tax on nonprofits.

Tags:  Collective Voice  Congress  National Council of Nonprofits  Public Policy  Sign-On Letter  Tax Reform  UBIT  Washington 

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Changes Coming for Nonprofits in the New Congress and Administration

Posted By Benjamin Bullock, Together SC, Thursday, January 5, 2017

With the likely change from government gridlock to fast and furious legislating in Washington this month, many nonprofit and foundation professionals are struggling to see how the pieces fit together and where their advocacy efforts can promote positive solutions. Our national network, the National Council of Nonprofits*, just published a look at six federal issues of sector-wide importance that will likely be taken up in the coming weeks and months, and lays out what they mean for your nonprofit. We encourage you to read the article Nonprofits Need to Stand Together to Push for Smart Public Policies,” share it with your board and other stakeholders, and be ready to stand up to defend nonprofit missions. Working with our colleagues at the National Council of Nonprofits, we will keep you informed on developments in our nation’s capital that affect the work of nonprofits in South Carolina.

*SCANPO member organizations are also members of the National Council of Nonprofits!

Tags:  Advocacy  Congress  National  National Council of Nonprofits  Public Policy  Trump 

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Congress makes 3 Giving Incentives Permanent!

Posted By Benjamin Bullock, Together SC, Tuesday, December 22, 2015

From Independent Sector:

Dear Colleagues,

The United States Congress has finally made permanent three tax incentives for charitable giving!

These incentives strengthen the charitable community’s ability to improve American lives and our communities, and ends the sector’s nearly 10-year long struggle to make these incentives a permanent part of the tax code.

The incentives include the IRA charitable rollover and enhanced deductions for the donation of food inventory and land conservation easements. After years of renewal and expiration, including the most recent expiration on January 1, 2015, the permanent extension of these three charitable giving incentives is now headed to the president’s desk for his signature.

In addition to these critical incentives, Congress included important provisions to make the child tax credit and the earned income tax credit permanent.

This tax deal, known as the Protecting Americans from Tax Hikes (PATH) Act of 2015, shows true leadership in understanding the value of the charitable community and the role it plays in American society. This law ends the uncertainty caused by the repeated expiration and subsequent reinstatement of these three charitable giving incentives.

Read More here!

Tags:  Advocacy  Congress  Giving Incentives 

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