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After nearly two years of advocacy from ACT and other organizations, the unrelated business income tax (UBIT) on the value of transportation fringe benefits provided by exempt (nonprofit) organizations has been repealed. The repeal was included in...
After two years of advocacy from ACT and other organizations, we have had a major breakthrough in our efforts to repeal the Unrelated Business Income Tax on exempt organizations, with the inclusion of the repeal language in the year-end tax extenders legislation...