IRA Rollover, Excise Tax Included in CHARITY Act

IRA Rollover, Excise Tax Included in CHARITY Act

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No one expects comprehensive tax reform to make it to the president’s desk by Jan. 20, 2017 but introduction of a bipartisan bill is smart policy and politics, according to David Thompson, vice president of public policy for the National Council of Nonprofits. “It lays down the marker that these issues are nonpartisan and solid policy, and dares anyone who disagrees to come forward. And it gives nonprofits and foundations the opportunity to point to positive policy solutions rather than anticipate and/or challenge bad ideas,” he said.

Some or all of the components could be included in tax legislation later in the year so it is good to get the legislative language out there to let the vetting process begin,” Thompson said.

Source Name: 
The NonProfit Times
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