Tax Reform

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National Council of Nonprofits Statement on the Universal Charitable Giving Act (H.R. 3988)

Washington, DC - In response to the introduction by Representative Mark Walker (R-NC) of the Universal Charitable Giving Act (H.R.

Posted In: Press Releases
Tags: Tax Reform, Charitable Deduction, Universal Deduction, Charitable Giving Incentive
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Key conservative Republican eyes bigger tax break for charity

He said his bill “may have a good chance of being included" in a broader tax-reform package.

David Thompson, vice president of public policy at the National Council of Nonprofits, called the effort “a very happy surprise.”

Tags: Charitable Giving Incentives, Tax Reform, Charitable Deduction
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National Council of Nonprofits Statement on Tax Reform Framework’s Potential Consequences for the Work of Nonprofits

Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits issued the following statement on the tax reform framework released today:

Posted In: Press Releases
Tags: Tax Reform, Charitable Giving Incentives, Universal Deduction, Estate Tax
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Nonprofits Fear Sting of Tax Reform

Lobbyists and Capitol Hill staffers have privately said for weeks that a full-fledged tax revamp is unlikely, indicating that lawmakers may end up settling for a mix of temporary rate cuts and permanent provisions.

Tags: Tax Reform, Johnson Amendment, Nonpartisanship
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Charities Move to Offset Effects of GOP Tax Bill

Congress included a universal deduction in a 1981 tax bill, dubbed the “Christmas-tree bill” because of the many tax-cutting ornaments added by lawmakers, according to a 2016 report by the Tax Policy Center.

Tags: Tax Reform, Universal Deduction, Charitable Giving Incentive
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How tax reform could hit charitable giving

The double whammy of doubling the standard deduction while lowering the top rate to 35% from 39.6% could reduce giving by between $5 billion and $13 billion a year, or up to 4.6%, according to a recent study by the Lilly Family School of...

Tags: Charitable Giving Incentive, Tax Reform, Universal Deduction
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Charities Coax Lawmakers to Rethink Tax Plan

Elsewhere in the tax debate, many charities are choosing to stay on the sidelines when it comes to the estate tax, because lawmakers are unlikely to be swayed on that issue.

Tags: Tax Reform, Charitable Giving Incentive
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Charity Inc.: National concerns

The Oklahoma Center for Nonprofits, along with the National Council of Nonprofits and state association leaders from around the country, continue to have concerns about three significant issues that will affect the charitable sector.

Tags: Oklahoma, Tax Reform, Nonpartisanship, Johnson Amendment
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Trump's tax plan would cut donations to Mass. nonprofits by $513M, says study

Massachusetts nonprofits could lose up to $513 million a year in donations if tax changes supported by President Donald Trump go into effect, according to a local trade group.

Tags: Massachusetts, Tax Reform
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Lobbying bonanza begins over Trump tax plan

Republicans lawmakers and Trump’s advisers have said that the deduction for charitable donations will be preserved, but the not-for-profit sector is still nervous.

Tags: Tax Reform, Charitable Giving Incentives

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