We are pleased to share some positive updates regarding the reconciliation legislation we talked about earlier today. This afternoon, the Senate Finance Committee released its portion of the broader reconciliation bill.

According to Integer, the House-passed provision that would have treated nonprofit expenses on parking and transportation fringe benefits as unrelated business taxable income (UBIT) has been stripped from the bill.  

Additionally, we did not see the reintroduction of other harmful provisions that would have diverted nonprofit resources away from their missions. Your engagement and persistent outreach to Senate Finance members made a real difference in having the parking tax removed from the bill. The next step for the coalition’s advocacy will be to reinforce for the House that the coalition supports the removal of the parking tax provision. We are currently drafting a letter to share this message with lawmakers.

We will continue to closely monitor the bill as it moves through the final stages of the legislative process and keep you informed of any further developments.

We would like to extend a very special thank you for your steadfast commitment to advancing the CIC’s advocacy supporting nonprofit organizations. And, thanks to ASAE’s leadership team, Integer and CRAFT for their ongoing efforts and counsel throughout this evolving process.