ASAE mounts new coalition to counter potential tax policy changes at federal level

ASAE mounts new coalition to counter potential tax policy changes at federal levelWith an eye toward significant tax legislation that is expected this year, the American Society of Association Executives (ASAE) has launched a new Community Impact Coalition that will work to educate the 119th Congress about the social and economic benefits of associations, charities, and other tax-exempt organizations.According to the ASAE, the Republican leadership has signaled that they will prioritize tax reform; and Congress, their staff, and key influencers in Washington are eying a variety of potential resources that could be tapped for tax revenue to fund their spending priorities, including the resources that currently support nonprofit organizations across the country.There are also concerns that tax-exempt organizations may be assessed with new taxes on non-donation income-much as 21%, the ASAE said."Associations and other nonprofit organizations are granted tax-exempt status by the IRS to encourage and support activities that benefit the public good and promote societal well-being," said Steve Caldeira, past chair of the ASAE and co-chair of the Community Impact Coalition."Eroding the financial foundation of these organizations will have wide ranging and potentially dangerous ripple effects throughout the economy," he said in a statement announcing the initiative."The nonprofit community cannot stand by while these critical contributions that affect all Americans are jeopardized by punitive taxation.This is an existential threat to the tax-exempt sector and the vital services it provides."The coalition includes some 58 trade associations, charities, and professional societies, all of which have committed financial resources to the coalition's advocacy and communications efforts.For more information, visit https://www.asaecenter.org.