US Treasury, IRS Propose Rules on Tax-Exempt Executive Compensation
The US Department of the Treasury and the Internal Revenue Service (IRS) plan to propose new regulations under Notice 2026–36 regarding excise taxes for excessive executive compensation in tax-exempt organizations. The One, Big, Beautiful Bill (OBBB) expands the scope from the five highest-paid employees to any employee earning over $1 million annually or receiving excess parachute payments.
Topics: excise tax executive compensation nonprofit organizations