The U.S. Senate adjourned for the November elections without passing the America Gives More Act, a bill to promote giving to the work of charitable nonprofits in communities across the country.
In July, the U.S. House of Representatives passed the America Gives More Act by a strong, bi-partisan vote. The legislation promotes giving back to communities by renewing and making permanent expired charitable giving incentives that promote donations of nutritious food to food banks, conservation of land, and contributions from individual retirement accounts directly to charitable nonprofits. The measure would also permit charitable deductions for the previous year up to April 15 and streamline the excise tax for foundation investment income. Go here for more background information on the America Gives More Act.
It is essential that individuals who support the work of charitable nonprofits, including board members, volunteers, employees, clients, and donors, tell Senators and Representatives while they are home for the elections that the America Gives More Act is must-pass legislation that they must enact before the end of the year.
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