Hutchinson sponsors bill giving tax break to nonprofits

The Illinois legislature took a step to remove nonprofits from a tax hike put in place under President Trump’s 2017 Tax Cuts and Jobs Act.
 
Sen. Toi Hutchinson, D-Chicago Heights, was one of the sponsors on the measure signed into law Aug. 24 by Gov. JB Pritzker. It took effect immediately.
 
The new tax charges nonprofits that provide transportation and parking benefits to their employees, such as transit passes or payments for employee parking costs, by requiring organizations to pay unrelated business income tax (UBIT) on these expenses.
 
“Across Illinois, nonprofits take care of our seniors, ensure children are safe in the community and support individuals with disabilities,” Hutchinson said. “Imposing a new tax on these organizations would only risk disrupting vital services that Illinoisans rely upon every day.”
 
By decoupling from this new tax, Illinois joins New York and North Carolina as states that moved to protect nonprofits.
 
“True tax reform does not give wealthy business owners tax breaks at the expense of nonprofits taking care of some of our most vulnerable,” Hutchinson said. 
 

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