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Public Policy Briefs – June 2019

Tags: UBIT SALT

Author: Matthew L. Evans

Jun13

Periodically, SECF will provide members with updates on state and federal legislation that affects philanthropy. If you have questions related to public policy, or know of legislation at the federal or state level you would like SECF to know about, please contact Matthew L. Evans, director of public policy and special projects, at matthew@secf.org or (404) 524-0911.

House Committee to Hold Hearing on UBIT Next Week

House Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA) has scheduled a hearing for next week on changes to the Unrelated Business Income Tax (UBIT) that could affect foundations and the nonprofits they support.

The hearing, taking place Wednesday, June 19, will focus on the 21 percent tax on transportation-related fringe benefits that was applied to tax-exempt organizations as part the 2017 tax bill. This tax has received significant scrutiny and criticism from the charitable sector, leading many lawmakers on both sides of the aisle to call for its elimination, with several members in both chambers introducing repeal legislation.

SECF has called for the repeal of these provisions, and Lewis’s office has reached out asking for specific examples and/or member concerns about the effect of UBIT changes on organizations within the 11-state footprint. If you would like to share an example about how UBIT is affecting your foundation or grantees, please contact Matthew L. Evans, director of public policy and special projects.