"Beginning in 2017, tax-exempt entities were subject to Unrelated Business Taxable Income on the tax-exempt entity's costs for providing qualified transportation fringe benefits to its employees, which includes certain employee parking. The [SECURE Act] repealed this 'parking tax' as though it never existed.... In 2020, employers remain eligible for a business tax credit for certain employer-paid family and medical leave. Before the Act, this tax credit was set to expire in 2019.... The Departments recently issued a revised template for the SBC. Most of the revisions to the new SBC template are minor (e.g., grammatical and stylistic in nature) to make the SBC more reader-friendly to users."  MORE >>