02/05/2025

IHMM Joins ASAE Executive Steering Committee on Tax Reform in Washington

Right now, the tax-exempt sector faces a significant threat

As Congress prepares to debate the expiration of the 2017 Tax Cuts and Jobs Act (TCJA), the tax-exempt sector faces a significant threat.

Major think tanks have called for taxing 501(c) organizations; with a $4.6 trillion tax cliff looming, lawmakers are increasingly scrutinizing the sector as a potential source of revenue. These are the initial ways to raise federal revenue identified by House Republicans on the Budget Committee. There will be more.

To combat this threat, the American Society of Association Executives (ASAE) has formed a coalition of tax-exempt organizations to take an aggressive stand against all proposals that would burden 501(c) organizations with increased taxation. ASAE is positioned to invest $1 million in strategic advocacy and communications counsel.

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