
Nonprofits and Foundations Poised to Score Victories in Tax Legislation
The "parking tax," as the provision was called, was bitterly opposed by a wide swath of nonprofit and advocacy organizations.
The "parking tax," as the provision was called, was bitterly opposed by a wide swath of nonprofit and advocacy organizations.
Among the law’s biggest changes, explains David Heinen of the North Carolina Center for Nonprofits, was almost doubling the standard income tax deduction.
Nonprofits have seen troubling trends in giving, but it’s hard to pin the blame on the tax law change, said Rick Cohen, COO and spokesman for the National Council of Nonprofits in Washington.
The National Council of Nonprofits surveyed members in June and found plenty of anecdotal evidence the tax is “a big fat mess,” as David Thompson, the group’s vice president of public policy, put it recently...
Changes to federal tax law that took effect in 2018 removed at least part of that incentive, and local nonprofits are starting to feel the strain.
Nonprofits across the country have experienced the “aftershocks” of the 2008 economic recession, said Gian-Carl Casa, president and CEO of the Connecticut Community Nonprofit Alliance.
“It’s a big drop in dollars, but those numbers don’t tell the whole story,” said Rick Cohen, spokesman for the National Council of Nonprofits. “That’s just the dollars donated that someone got to write off on their taxes.
Washington, DC – In response to the favorable recommendation by the House Ways and Means Committee of H.R.
The report is the best look so far at the impact the tax law had in its first year, and advocates for non-profits say the findings back up a number of ...
“The Nonprofit Relief Act would fix new and longstanding tax law policies that hurt the ability of charitable nonprofits to advance their missions in communities throughout America,” said Tim Delaney, president and CEO of the National Council of...