A proposed repeal of a tax on transportation and parking benefits for nonprofit employees has cleared the U.S. House of Representatives.

Congress created the unrelated business income tax on transportation benefits in 2017 when it passed the Tax Cuts & Jobs Act. The tax is equal to 21% of the total value of the transportation and parking benefits provided as a subsidy to employees or funded through a pretax payroll deduction, according to an analysis by the Association for Commuter Transportation. http://bit.ly/2M8TYMu

The nonprofit community has been lobbying to end the tax, and a proposed repeal was included as part of a spending bill approved by House lawmakers Tuesday. Among the repeal's proponents is Independent Sector, which earlier this year commissioned research finding the tax diverts about $12,000 annually from every nonprofit.

"Over the last two years, Independent Sector and many others worked to build consensus on Capitol Hill that this tax was a mistake and must be repealed," CEO Dan Cardinali said in a statement on the group's website. "Early in that work, we heard from policymakers and advocates about their struggle to quantify the true impact of this tax."

The legislation now moves to the Senate. http://bit.ly/2rZ5S4D

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