More than 2,000 organizations, including LeadingAge, signed on to a June 6, 2025 letter sent to Senate leaders urging removal of provisions in the House of Representatives’ budget reconciliation bill (H.R. 1) affecting the nonprofit sector, including an increase in the tax rate on net investment income of certain private foundations and an expansion of the unrelated business income tax to include any qualified transportation fringe benefit provided to employees, such as transit benefits or parking benefits.
Addressed to Senate Majority Leader John Thune (R-SD), Senate Minority Leader Charles Schumer (D-NY), Senate Finance Committee Chair Mike Crapo (R-ID), and the Finance Committee Ranking Member Ron Wyden (D-OR), the letter states: “As Congress debates reconciliation legislation, … [w]e respectfully ask that you use your position to ensure that nonprofits are protected and supported, not used to fund other priorities.”
Read the coalition letter here.
Keep up with the latest on Budget Reconciliation 2025 via this serial post and on federal policy impacting nonprofits via this serial post.
