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

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

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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-Brown.

Communities stand to gain with the charitable tax credit, she said, noting that for every $1 of lost tax revenue, communities receive $3 in services from nonprofits.

"This is a win for everybody," Murray-Brown said

Source Name: 
Crain's Detroit Business
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