Register Here The Coalition for Smarter Transportation is thrilled to be a partner and presenting in this years CommuteCon – The Science of Smart Commuting – Hosted by RideAmigos Explore the Science of Smart Commuting Science is emerging as a driving force behind smart commuting initiatives worldwide. At CommuteCon 2020 you can hear from and…
The House Ways & Means Oversight Subcommittee will hold a hearing on “Ending the TCJA Tax on Houses of Worship, Charities, and Nonprofits.” The hearing will take place Wednesday, June 19, 2019 at 2:30 p.m. in room 1100 of the Longworth House Office Building. The Committee is inviting stakeholders to submit testimony. Details on testimony submission can…
The IRS, in conjunction with the US Department of Treasury Office of Tax Policy, issued Notice 2019-30 inviting the public to make recommendations on items that should be included in the IRS’s 2019-20 Priority Guidance Plan. This plan is “issued to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings,…
On December 10th, Governor Cuomo (D-NY) signed legislation that decouples New York State tax law from Federal tax law as it pertains to transportation fringe benefits offered by tax-exempt organizations. Following Tax Cuts and Jobs Act of 2018, tax-exempt organizations are subject to adding the value of parking, and transportation fringe to their unrelated business…
The University Transportation working group of the Coalition for Smarter Transportation will meet on Thursday, November 8th at 3:30 PM EDT. During the call, the following issues will be discussed: 1) Update on UBTI Post-election 2) Discuss other issues that CoaST would like to tackle i.e. town/gown, parking, and university transportation etc. 3) Develop 2019…
This week, the Internal Revenue Service released a notice requesting comments on draft guidance on tax-exempt organizations that have more than one unrelated business. The core of the guidance goes into how Unrelated Business Taxable Income (UBTI) would be applied to those organizations with multiple unrelated business lines and basically says that the losses of…
The Tax Cuts and Jobs Act signed into law last December, more commonly referred to as tax reform, made several changes to the transportation fringe benefit (IRC Sec. 132(f)). The legislation maintained the parking and transit tax benefits for individuals. However, it also made the transportation fringe benefit more expensive for non-profits and universities that…