In This Week's Edition of Snapshot: Johnson Amendment Attack Reiterated by Sen. Lankford; Bills to Repeal UBIT Changes Introduced in Senate; Bill to Reinstate Schedule B Requirements for All Nonprofits Introduced in Senate; Senate Finance Votes to Advance Treasury/IRS Nominations; Appropriations Continue Moving Swiftly, Although Roadblock Looms in the Distance; IRS Releases Final Regulations on Charitable Contribution Substantiation; In the States: Boston Continues Targeting Nonprofit Property Tax Exemption.
The Council on Foundations, the Independent Sector, the National Council of Nonprofits, and the National Human Services Assembly released a statement speaking against a rider included in H.R. 6147 that undermines the Johnson Amendment.
In This Week's Edition of Snapshot: Bill Targeting University Endowments and Contributions Introduced; Charitable Giving Discussed at Senate Hearing; Attacks Against Johnson Amendment Continue; Ways and Means Announces Subcommittee Updates; IRS Provides Guidance for Grantmakers and Donors; Treasury and IRS to Propose New Regulations on SALT Workarounds; Senate Continues Review of President Trump’s IRS Nominee; Election Roundup; and, In the States: Mandatory Volunteerism State Expansion Update
In This Week's Edition of Snapshot: Omnibus Signed into Law, Averting Another Shutdown; House Continues Push for IRS Reform; Guidance Forthcoming on New UBIT Laws; and, In the States: Interest Grows for Medicaid Work and Volunteering Eligibility Mandates, Making Sure Donations Don’t Determine Domicile
In This Week's Edition of Snapshot: Congress Set to Vote on Omnibus Ahead of Friday Deadline; A Recap of Foundations on the Hill 2018; President Trump Shakes-Up Administration; FEMA Announces Webinars to Discuss Strategic Plan; and, In the States: Expanding Minnesota Non-Itemizer Deductions, Donor Disclosures in the Legislatures
In This Week's Edition of Snapshot: Brief Government Shutdown Ended with Passage of Budget Deal; Trump Administration Releases 2018-19 Budget; Repeal of Johnson Amendment Raised at; National Prayer Breakfast; President Trump Officially Nominates New IRS Head; FEMA Requests Comments on Natural Hazard Mitigation Strategy; and In the States: Estate Taxes on Legislative Agendas, and Maine Governor Issues Renewed Assaults on Nonprofits, Foundations
Nonprofit and philanthropic leaders renewed their call for preserving the Johnson Amendment, the longstanding law that protects their organizations from the divisiveness of partisan politics. The call comes as House Majority Whip Steve Scalise (R-LA) used the National Prayer Breakfast to express support for repealing this important protection.
In This Week's Edition of Snapshot: Tax reform goes to President Trump’s desk for signature; Congress is up against a tight deadline on government funding agreement; In the States: Federal tax bill affects state estate taxes
In This Week's Edition of Snapshot: Tax Conference Committee Commences as GOP Leaders Announce a Deal; Congress Avoids Shutdown, Stalls Shutdown Decision; IRS to Pursue Changes to; 1023-EZ in 2018; Clarification on IRS Notice 2017-73; and, In the States: Governors and Lawmakers Prepare for Budget Deficits
In This Week's Edition of Snapshot: Tax Bill Proceeds to Conference Committee; Congress Faces Deadline to Avoid a Government Shutdown; IRS Requests Comments for Certain Situations Involving DAFs; In the States: Governors, Legislatures Struggle to Close Budget Gaps, Illinois Improves Government-Nonprofit Contracting Rules