Tax Reform

Disappointment as House Fails to Make Charitable Provisions Permanent

This afternoon, the United States House of Representatives failed to advance the Supporting America's Charities Act (H.R. 5806), a milestone bill that would have widely benefited philanthropy and charitable organizations across the country. The vote broke down along party lines, with 275 Members voting for the bill and 149 Democrats voting "no" on the grounds that the provisions are not offset with spending cuts elsewhere.

Washington Snapshot - July 25, 2014

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In this week's Washington Snapshot: Just Announced: August Recess Toolkit; Recap: House Passes America Gives More Act of 2014; Next Steps on Tax Extenders; Chairman Wyden Restates Commitment to Tax Reform; NEW in Snapshot: Trending in Council Legal Affairs; The IRS Can Read Minds: “Gifts” of Real Property; PACE Report on Transparency and Accountability; Upcoming NASCO Conference; Rocky Mountain Tax Seminar

House Ways and Means Committee Passes Key Measures in Support of Philanthropy

Today, the House Ways and Means Committee met to markup several important bills focused on the charitable sector. One bill would make the charitable “tax extenders”—including the IRA charitable rollover—permanent law. Another would simplify the private foundation excise tax on investment income to a single rate of 1%. The Council has already expressed support for both of these measures. All five bills were passed out of the Committee and will now face a full House of Representatives vote.

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This afternoon Congressman Dave Camp (R-MI-4), Chairman of the House Ways and Means Committee, released a comprehensive plan to reform the individual and corporate tax codes.
In this issue: Washington Update Webinar on February 19; Baucus Confirmed as Ambassador to China; Ways and Means hearing focuses on proposed 501(c)(4) rules; Rep.
In this issue: Philanthropy Week in Washington; Tax Policy Happenings; Government spending debate; IRS updates revenue procedures
In this issue: Council letter featured in The New York Times; Council Announces Philanthropy Week in Washington; Budget agreement passed; Tax Policy Happenings; Thune-Wyden Letter on the Charitable Deduction
In this issue: Council President Responds to Critical New York Times Op-Ed; Senate Democrats host Council President for Conversation; Thune-Wyden Letter on the Charitable Deduction; Budget Agreement Reached; Tax Policy Happenings; IRS Nominee Promises to
In this issue:Thune-Wyden Letter on the Charitable Deduction; Tax Reform on hold until 2014; New IRS 501(c)(4) political activity regulations; Public Good IRA Rollover Act; Budget Conference Deadline Looms; Pay for Success Incentive Fund; American Enterpr
In this issue: Tax Reform, IRS Scrutiny, the Max and Dave Road Show, Great Op-eds that caught our attention, Agriculture and Housing Agencies Collaborating With Foundations
In this issue: Tax Reform, IRS Scrutiny, More Great Op-Eds Supporting the Charitable Deduction, Over at 1600 Pennsylvania Avenue

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