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January 23, 2020

IRS Issues Parking Tax Refund Guidance →

Following the repeal of the tax on employer-provided transportation benefits, institutions and organizations may seek refunds by filing amended unrelated business income tax returns, according to the IRS.

December 21, 2019

Higher Ed Tax Victories Pass With Budget Bill →

An amendment to the FY20 budget package repealed the detrimental parking tax on all nonprofit organizations, among other improvements for colleges, universities, and students. The budget bill itself allocated an additional $1.3 billion to the Department of Education.

October 01, 2019

NACUBO Submits Response to Endowment Excise Tax Proposal →

NACUBO’s recommendations to policymakers, endorsed by 10 other higher education associations, highlight areas of concern for the sector and urge final rules that reflect an understanding of how colleges and universities serve students and operate. A coalition of colleges and universities also weighed in.

August 12, 2019

Budget Deal Lifts Debt Ceiling, Tees Up Appropriations →

After much negotiation, Congressional leaders settled on a bipartisan budget bill that President Trump has signed off on. The deal opens a possibility of repeal of unpopular portions of the Tax Cuts and Jobs Act, including the parking tax and the UBIT basketing requirement.

August 12, 2019

New Videos Advocate for Tax-Exempt Bond Policy Changes →

New videos co-produced by NACUBO recommend reinstatement of advance refunding and improvements for bank-qualified bond terms. Bipartisan legislation recently introduced in the House reflects NACUBO’s recommendations for the latter.

June 24, 2019

Parking Tax Repeal Gains Support →

The taxation of parking and transportation benefits nonprofit employers provide has garnered significant attention on Capitol Hill recently amid growing support for repeal of the tax. NACUBO has launched a new interactive advocacy campaign that urges repeal.