Early this morning, the House of Representatives passed a reconciliation bill that would enact significant tax provisions and spending cuts.  The House Bill now heads to the Senate, where changes are likely before passage.  This article is one of a series of articles discussing various proposals in the legislation that touch on tax withholding, reporting, and fringe benefits.

The House bill would expand the application of tax on excess compensation for tax-exempt organizations by redefining a covered employee as one who receives income in excess of $1 million annually.  Continue Reading House Reconciliation Bill Would Expand the Employees Covered by Excess Remuneration Rules for Nonprofit Organizations