Latest Developments on the Nonprofit Parking Tax

Following the Tax Cuts and Jobs Act in late 2017, controversy has arisen over a largely unnoticed requirement on churches and nonprofits to begin paying a 21% tax on employee benefits including parking, transportation, and other related benefits. The provision will cause nonprofit organizations (including churches) to file federal income tax returns and pay unrelated business income tax on these benefits, including the cost of parking provided to employees.

Over the past several months, ECFA has helped lead the charge to address this burdensome tax provision with Congress and the Department of the Treasury. 

ECFA has compiled the latest developments on the issue, including links to ongoing media coverage, legislative action and its status on Capitol Hill, and more, all in one place. The webpage will be updated as new developments occur, keeping churches and nonprofits in-the-know with current information.

Check for the latest update here.

To read the transcript from ECFA's Parking Tax webinar held on July 26, click here.

This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.


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