Tag Archive: executive compensation

Executive Compensation and the Excise Tax – What You Need to Know

August 7, 2019 9:54 am

This blog post was contributed by Alexander L. Reid and Chelsea R. Rubin of Morgan, Lewis & Bockius LLP.  The Tax Cuts and Jobs Act of 2017 imposed significant new taxes on nonprofit organizations, including colleges and universities. Specifically, section 4960 of the Internal Revenue Code imposes a 21 percent excise tax on applicable tax-exempt... View Article