ACA Adopts Two Public Policy Position Statements

March 2018

On the recommendation of the ACA Government Relations Committee, in November 2017, the Executive Committee of the Board of Directors adopted two new position statements advocating for tax reform.

Overnights camps and the US tax code

ACA supports amending the US tax code to allow overnight camp families to qualify for the same tax credit that is provided to families that utilize day camps and child care centers. ACA supports expanding the Child & Dependent Care Tax Credit (CDCTC) to include overnight camps. CDCTC is currently available to subsidize the cost of day camps, including specialized day camps such as sports camps or artistic camps. The current tax code explicitly excludes overnight camp families from qualifying for CDCTC.

Depreciation impacting camps and the US tax code

ACA supports decreasing the current depreciation time periods within the US tax code to help camps. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. Camps depreciate long-term assets for both tax and accounting purposes. For tax purposes, camps can deduct the cost of the tangible assets they purchase as business expenses; however, camps must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken.

Tax Reform Update

In December 2017, President Trump signed the tax reform legislation passed by Congress. The highlights of the conference agreement reflect the changes to the tax law, courtesy of Crowe Horwath, LLP.

Tax reform highlights for exempt organizations