Public Policy

In This Week's Edition of Snapshot New Study Estimates $17 Billion Drop in Charitable Giving for 2018; Tax Cuts 2.0?; New UBIT Rules for Nonprofits Might be Delayed; Wyden Calls for Investigation in Misuse of Charitable Organizations; 2020 Census Public Comment Opportunity; Marc Short Leaving White House; In the States: New York Senate and Assembly Vote to Protect Nonprofit Transportation Benefits, Reprieve for Vermont Charitable Deduction, and Kentucky Taxing More Tax Exempts.

A list of resources that foundations and philanthropic organizations may find helpful around the 2020 Census.

In This Week's Edition of Snapshot House Appropriations Committee Advances Measure to Weaken Johnson Amendment; New Analysis of the REDUCE Act; Trump Administration to Release Plan for Reorganizing Executive Branch; Primary Elections Held in ME, NV, ND, SC, and VA; In the State: Blue States Continue to Push SALT Workarounds, North Carolina Removing a New Tax on Tax-Exempts, and Non-Itemizer Charitable Deduction Proposed in New Jersey.

On Tuesday, May 22, 2018, Rep. Tom Reed (R-NY) introduced the Reducing Excessive Debt and Unfair Costs of Education (REDUCE) Act of 2018 (H.R. 5916). The bill comes as part of a broad plan Rep. Reed announced in late 2016 to address college affordability. The proposal targets colleges and university endowment-spending practices and gift acceptance policies as a means of increasing affordability.

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: Bill to Increase Charitable Giving Introduced in House; IRS Funding to be Considered by Senate Committee; Ways and Means Holds Hearing on Tax Reform's Impact (So Far); Council Urges Treasury to Delay New UBIT Provisions; In the States: States Respond to Federal Tax Reform Revenue Windfalls, States Work to Limit the UBIT Damage, States Act to Secure Complete Census Count