Taxes

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Lame-duck bills seek to restore Michigan's charitable tax credit for some nonprofits

Providing an incentive for giving to nonprofit endowments at community foundations supports the financial sustainability of charities and helps support organizations providing food and shelter, said Michigan Nonprofit Association CEO Donna Murray...

Tags: Michigan, Taxes, Charitable Giving Incentives
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Jay Gonzalez Proposes $1B Higher Ed Tax To Fund Education, Transportation

The Massachusetts Nonprofit Network on Tuesday declared its opposition to the tax. "It's a bad idea - for Massachusetts, and for everyone served by nonprofits in Massachusetts," Jim Klocke, CEO of the nonprofit network, said in a statement.

Tags: Massachusetts, Higher Education, Taxes
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Trump and House tax plans have one thing in common: They likely hit nonprofits hard

"Both would be a sizable hit for not only the nonprofits but also the people that they're serving," said Tim Delaney, CEO of The National Council of Nonprofits.

Tags: Charitable Giving Incentive, Charitable Deduction, Taxes
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Nonprofits become tax targets for strapped cities, states

The clashes are prompting some interesting philosophical debates about the benefits nonprofits bring to the communities that host them.

Tags: Taxes, Fees, PILOTs
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