Federal level

2018 Capitol Hill Visits

The Center recently visited Washington, DC to advocate with our members of Congress on nonprofit issues. These include:

1. Protecting nonprofit nonpartisanship.

2. UBIT

3. Universal charitable deduction.

4. 2020 U.S.Census

5. Public Service Loan Forgiveness Program

New Tax on Transportation and Parking Benefits is Problematic for Nonprofits

New Tax on Transportation and Parking Benefits is Problematic for Nonprofits

An under-the-radar provision in the Tax Cuts and Jobs Act that was passed and signed into law in December 2017 imposes a new tax on nonprofits that provide transportation and parking benefits to their employees. Nonprofits that provide these benefits to their employees are now required to pay unrelated business income tax (UBIT) on these expenses and must file Form 990-T with the IRS.

Congress reaches bipartisan agreement on two-year budget plan

Early this morning, the U.S. Senate and U.S. House of Representatives approved a bipartisan agreement to end another brief federal government shutdown by setting federal funding levels for the next two years. The bill, which funds the federal government through March 23, allows Congress to increase defense spending by $165 billion over the next two years and to increase domestic spending - including funding for many programs that are important to the work of nonprofits - by $131 billion over the same period.

What You Need to Know About Major Nonprofit Tax Law Changes

This fall, Congress is in the process of rewriting the Internal Revenue Code with the dual goals of lowering individual and corporate income tax rates and simplifying our nation's tax laws. This tax overhaul has major implications for all 501(c)(3) nonprofits. Among other things, the tax reform proposals could reduce charitable giving, politicize 501(c)(3) nonprofits, eliminate financing options for nonprofits, and create new taxes on certain nonprofit activities.

Start Planning Now for New Overtime Rules

Start Planning Now: New Overtime Rules Will Take Effect on December 1, 2016

The U.S. Department of Labor's (DOL) new overtime regulations will mean that many more employees of North Carolina nonprofits will be entitled to overtime pay when they work more than 40 hours per week. These changes, which will take effect on December 1, 2016, will affect thousands of nonprofits in North Carolina.

New DOL Regulations on Overtime Pay

On May 18, the U.S. Labor Department (DOL) announced overtime final regulations that will mean that most employees earning less than $47,476 per year will be entitled to overtime compensation, regardless of whether they are currently classified as executive, administrative, or professional (white-collar) workers. The new overtime rules take effect on December 1, 2016. Here are key details about the new rule and how it will apply to nonprofits:

What Your Nonprofit Needs to Know About the New Overtime Rules

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On May 18, the U.S. Labor Department (DOL) announced final overtime regulations (warning: the linked regulation is 508 pages!) that specify that most employees earning less than $47,476 per year will be entitled to overtime compensation, regardless of whether they are currently classified as executive, administrative, or professional (white-collar) workers. The new overtime rules take effect on December 1, 2016.