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08Jan

Connecticut Charitable Organizations May See A Reduction In Unrelated Business Taxable Income In 2020 Due To The Repeal Of The Federal Parking Tax

As part of the Tax Cuts and Jobs Act of 2017, the cost of providing certain transportation fringe benefits, including employer-provided parking, to employees of tax-exempt organizations became subject to federal income tax as unrelated business...
By: Shipman & Goodwin LLP
Source Url: https://www.jdsupra.com/legalnews/connecticut-charitable-organizations-80137/

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