12/20/2018

House Sets Up Vote on Year-end Tax Bill

The House was scheduled to vote today on a year-end tax bill

The House was scheduled to vote today on a year-end tax bill offered by Ways and Means Committee Chairman Kevin Brady (R-TX), although the looming partial government shutdown is taking up all the oxygen on Capitol Hill now.

Brady’s tax package, which includes repeal of a 21 percent tax on parking and transportation benefits provided by nonprofit organizations, cleared the Rules Committee last night. The bill also includes relief for disaster victims, repeal of the Johnson Amendment that bars political activity by churches and other 501(c)(3) tax-exempt groups, and provisions to revamp the IRS.

Brady told reporters that there is Senate interest in some of the tax provisions, but Senate Finance Chairman Chuck Grassley (R-IA) and Senate Majority Whip John Cornyn (R-TX) said they don’t expect any additional tax provisions to move this year.

ASAE and its UBIT Coalition have been seeking repeal or delay of the fringe benefits tax for almost a year, and will continue to press for this change in the next Congress.

This article was provided to OSAE by the Power of A and ASAE's Inroads.