Industry Letters in Opposition to the UBIT Provision in the House Tax Bill
November 13, 2017
NCPERS is part of a joint letter sent to members of the U.S. House Ways and Means Committee and Leadership on Section 5001 of the House tax bill, which would for the – FIRST TIME EVER – subject public pension plans to unrelated business income tax (UBIT). If you have not already done so, you may wish to individually relay concerns to your Congressional offices (particularly those on the Ways and Means Committee or in Leadership: AL, AZ, CA, CT, FL, GA, IL, IN, KS, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NY, OH, OR, PA, SC, SD, TN and TX). You may use the joint letter as a template to relay your own concerns and/or include it in your outreach.