Category Archives: Congress

Congress Repeals UBIT on Non-Profits with Transit Plans

Congress Repeals Unrelated Business Income Tax for Tax-Exempt Entities Offering Qualified Transportation Fringe Benefits As part of the Further Consolidated Appropriations Act, 2020 (the “Act”), Congress repealed Section 512(a)(7) of the Internal Revenue Code of 1986 (the “Code”). This Code … Continue reading

Posted in Congress, Government, Tax | Tagged , , , , , , , , , , | Comments Off on Congress Repeals UBIT on Non-Profits with Transit Plans
Ready To Talk To An Insurance Agent?
281-491-6565
Get A Quote