I was honored this morning to have the opportunity to testify before the Minnesota House Tax Committee on behalf of the Minnesota Council of Nonprofits in support of House File 1154; a bill that would ensure Minnesota does not conform to the federal UBIT changes impacting nonprofits. Minnesota usually signs on to tax law changes made at the Federal level, but it chose not to after tax reform was passed by Congress in late 2017. There are many changes impacting nonprofits in tax reform. House File 1154 seeks to prevent Minnesota from conforming with changes that would require nonprofits to pay a tax on certain transportation benefits they provide to their employees, as well as changes that would require nonprofits to calculate tax from each separate unrelated business (instead of combining them together). Video of section covering HF 1154 begins here, my testimony starts at approximately the 16:00 mark in the video, and the following is a transcript of my remarks: …
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