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Oppose HB 391: Fees on Nonprofit Property

MNA Association

in House Taxation, Room 172. The bill is similar to repeated past attempts to levy fees or taxes on nonprofits. Read the bill text to see if you are on the list of nonprofit types that would be assessed – but even if your organization is not, we hope you will consider taking action to defend your fellow nonprofits.

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Legislative Update – March 22

MNA Association

Thanks to all who reached out to committee members and the sponsor about SB507, the bill that would have repealed property tax exemption for any nonprofit with UBIT. Congrats you amazing nonprofit rockstars!! We are leaning toward making it as good as it can be for nonprofits but not ready to commit yet. in Senate Taxation.

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Congress Is Considering a Tax Bill That Doesn’t Restore the Expired Charitable Deduction. Let’s Change That.

Momentum Nonprofit Partners

Representatives and Senators need to hear immediately from the charitable nonprofit community. billion over ten years, according to the Joint Committee on Taxation. Lankford (R-OK) shared an updated press release with quotes from charitable nonprofits, including from the National Council of Nonprofits and many of our partners.

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BDO’s Rebekuh Eley Appointed to AICPA’s Exempt Organization Taxation Technical Resource Panel

BDO

BDO is pleased to announce that Rebekuh Eley, tax senior director in Chicago and a member of the Nonprofit & Education practice, has been appointed to serve as associate member on the American Institute of Certified Public Accountants (AICPA) Exempt Organization (EO) Taxation Technical Resource Panel (TRP).

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Tax Benefits Of Llc Vs. S Corp

Nonprofit Marketing Insights by GlobalOwls

Tax Benefits Of Llc Vs. S Corp You risk paying more taxes if you create an LLC without choosing S Corp taxation since you’ll automatically be taxed as a sole proprietorship. It may be quite cost-effective for you to choose S Corp taxation for your LLC. Some LLC owners choose S-corp taxation to reduce their self-employment taxes.

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Understanding Unrelated Business Income in Nonprofits

The Charity CFO

If you know only one thing about 501(c)(3) nonprofit organizations , you probably know that they don’t pay federal taxes on their income. . However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation.

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2023 Montana Legislature: Week Two

MNA Association

MNA watches bills related to the nonprofit sector generally including Appropriations, Taxation, Charitable Giving, Workforce, Voting/Elections/Ballot Initiatives, Campaign Finance, and Lobbying. Welcome to the weekly MNA Legislative update. We offered supporting data pulled from our November, 2022 workforce survey.