Association Dues Are Fully Deductible
The IRS requires the Association to notify members if any portion of member companies’ dues are used for lobbying activities.
While staff monitors both state and federal legislation, for our fiscal year ended Aug. 31, 2022, the Association did not participate in activities that would require members to declare a portion of their membership dues as non-deductible.
Members can claim the full amount of dues paid as an ordinary and necessary business expense. (Same status for our fiscal year ending Aug. 31, 2021.) Even in years when legislative issues have called for the Association to hire lobbyists or devote staff time to making elected leaders aware of members’ interests, the Association has neither endorsed nor contributed to the campaigns of candidates or any political action committees.
As we approach the 2nd quarter of 2023, our Association staff is tracking bills related to husbandry use, dealer relations, and right-to-repair. Watch this publication for developments.
Know About Important Legislation? Is there is a piece of legislation in your state that you think the Association should monitor? Let us know and we will advocate on your behalf. Contact Matt Rice, Director of Membership Services at (314) 878-2304.