Posted on November 15, 2018
UBIT and Commuter Benefits: What Does it Mean for Nonprofits?
As a result of the new federal tax law, nonprofit employers must now pay Unrelated Business Income Tax (UBIT) on commuter benefits, including NYC Metrocards or employee parking. Because of your advocacy, the New York legislature recently passed S8831 and A11051 to decouple the federal and state tax law to eliminate the New York State tax, though the bill has not yet been signed. Join us for a panel discussion which will provide an overview of the law, the overall impact on the sector, including what it means for your organization, and how advocacy efforts changed the landscape.
The panel will feature:
- Laura Abel, Senior Policy Counsel, Lawyers Alliance for New York
- Jonas J.N. Shaende, PhD, Chief Economist, Fiscal Policy Institute
- Sharon Stapel, President, Nonprofit Coordinating Committee of New York
NPCC Forums are quarterly updates about policy issues affecting the whole nonprofit sector. These events are open to members and non-members and are free of charge. Each session will be moderated by NPCC President Sharon Stapel and will feature a panel of experts for an open discussion about the issues affecting New York nonprofits.
Please Note: This meeting is open to current NPCC nonprofit members and non-member organizations, and may be limited to ONE person per organization due to space constraints.
DATE AND TIME
Tue, November 27, 2018
9:30 AM – 11:30 AM EST
Add to Calendar
Nonprofit Coordinating Committee
135 West 36th Street, 15th Floor
New York, NY 10018