On Wednesday, December 20, Congress adopted sweeping tax reform and today, President Trump signed it into law. Most news coverage regarding tax reform has focused on its impact on tax-paying entities. However, the reform will also have a significant impact on exempt organizations. This summary reviews the key areas of the bill affecting 501(c)(3) entities and notes prior proposals that were abandoned in the final bill.
Please click here to view the table, or download a printable PDF.