Repeal of Taxes on Churches & Non-Profits

President Trump signed into law Dec. 20 a spending bill that includes language rescinding a section of the Tax Cuts and Jobs Act of 2017 that requires houses of worship and other nonprofits to pay a 21 percent tax on such employee benefits as parking and transportation. The Senate approved the legislation that included the repeal Dec. 19 in a bipartisan, 71-23 roll call. The House of Representatives passed the measure also in bipartisan fashion by a 297-120 vote Dec. 17.

Two Southern Baptist members of Congress – Sen. James Lankford, R-Okla., and Rep. Mark Walker, R-N.C. – helped lead the effort to repeal the tax provision. Lankford reintroduced the Lessening Impediments From Taxes (LIFT) for Charities Act in February of this year, while Walker reintroduced his companion bill in March.

GuideStone -- the SBC’s health and financial benefits entity -- “expresses its thanks to the President for signing this important legislation, and to members of the House and Senate who prioritized this legislation for the benefit of all Americans,” President O.S. Hawkins said in a written release. “We are thankful the parking tax has been repealed.”

For the full article from Baptist Press, follow the link...

http://www.bpnews.net/54099/southern-baptist-leaders-welcome-repeal-of-tax-on-churches