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: Senate Finance Committee Hearing Set to Consider Tax Court Nominees; Sen. Johnson Calls on IRS to Eliminate Schedule B; Start Now Helping Your Community Prepare for the 2018 Hurricane Season; and Primaries in CA, IA, and MT Highlight Busy Primary Day Across the Country.
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
Independent Sector and the Council on Foundations applaud the introduction of the Charitable Giving Tax Deduction Act, which would expand giving, help civil society flourish, and allow the charitable sector to expand its impact in communities across the country.
In This Week's Edition of Snapshot: House Committee Sets Series of Tax Reform Hearings; White House Sends Rescissions Proposal to Congress; IRS Debuts New EO Search Tool; Form 990s for Calendar-Year Organizations Due Soon; and, In the States: Vermont Considers Repeal of Charitable Deduction; Municipal Tax Assessor Targets Nonprofit Property Exemption
In This Week's Edition of Snapshot: Another House Ways & Means Member Departs Congress; Bill Introduced to Increase Charitable Driver Mileage Rate; Treasury Solicits Input for Priority; Guidance Amid Rollout of Tax Reform Regulations; and, In the States: Pay Equity, Employment Law Changes Advance in the States; California Considers Crowdfunding Legislation