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
There are a number of nuanced similarities and differences between the House and Senate versions of the Tax Cuts and Jobs Act. The Council has prepared an analysis comparing provisions between the two that would impact philanthropy.
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
On Saturday, December 2, the Council on Foundations released the following statement from President and CEO Vikki Spruill on Senate Passage of the Tax Cuts and Jobs Act
Join Council on Foundations senior vice president for government relations Hadar Susskind and other staff for a call to discuss the House and Senate tax reform bills as well as the outlook for the legislation and its implications for the sector.
In This Week's Edition of Snapshot: Tax reform: The Senate begins debate on tax reform, advancing tax reform ever closer to the President’s desk; In the States: Michigan nonprofits and philanthropic groups promote Census 2020, a year in review of the charitable deduction challenges and expansion, and Kansas state lawmakers honored for their work on tax policy.
The Council on Foundations, National Council of Nonprofits and Independent Sector voiced united opposition to the Tax Cuts and Job Act being considered in the U.S. Senate. Leaders of the three organizations, which represent foundations and charitable nonprofits, sent a letter to lawmakers, an excerpt of which is below.
The charitable nonprofit and foundation communities stand united in opposition to the Tax Cuts and Jobs Act and, in the strongest possible terms, urge a “NO” vote on the bill. The current legislation damages the civic infrastructure upon which our communities depend, and hurts the people that we serve.
Community Foundations Week is the perfect time to celebrate the great work community foundations do around the country. This is especially true at a time when foundations are being asked to do more and more because of federal, state, and local budget cuts.
In This Week's Edition of Snapshot: Tax reform: House passes tax reform package, Senate continues committee markup, IRS notices rule for charitable giving for wildfire damages, The Cuts are Coming, Montana Continues its Strict Campaign Finance Tradition