+Nonprofits Call on Treasury/IRS to Delay Implementation of Ambiguous UBIT Provisions of New Tax Law
Washington, DC - The National Council of Nonprofits submitted a letter to the Department of Treasury and...
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+Tax reform leaves nonprofits with ‘tsunami’ of challenges
According to David Thompson, vice president of public policy at the Washington, D.C.-based National Council of Nonprofits, charity-minded organizations are not only facing the uncertainty of new federal tax changes that don’t have clear...
+California lags other high-tax states on state and local deduction workaround
But the plan also could increase contributions if a person who previously gave $200 now gives $10,000 to get a tax credit. In this case the charity would be ahead by $800.
+Delaware budget battle: What to do with extra $350 million in revenue
Those comments are music to the ears of Sheila Bravo, CEO of the Delaware Alliance for Nonprofit Advancement.
+A not so charitable situation for Baton Rouge area nonprofits
The nonprofit sector is an important one for the state.
+Law Lets Local Governments Treat Property Taxes as Charitable Contributions
Meanwhile, other concerns about the workaround have come from the state’s nonprofit community, which is already worried that the Trump tax overhaul could lead to fewer donations being made by New Jersey residents due to the increased standard...
Guidance on New UBIT and Exec Comp Changes Moving Forward
Some organizations also want to know whether passive investment activity “could be all one group,” Ramey said, adding, “We are looking at various things and we’re looking at various options.”
+Nonprofits Seek Delay in New UBIT Rules’ Implementation
Nonprofit representatives have asked the IRS and Treasury to delay implementing new unrelated business income tax rules until after guidance is published.
+Pence Touts Tax Cuts On Swing Through Minnesota, North Dakota
But it remains to be seen just how influential the vice president's message will be.
+Nonprofits Band Together to Get a Piece of the Surplus
Spurred by last week’s announcement that Maryland is looking at a $430 million budget surplus for the upcoming fiscal year, several nonprofit groups are teaming up to urge lawmakers and Gov. Lawrence J. Hogan Jr.
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