Statement on Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S. 748)

Statement on Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S. 748)

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In response to the release of final bill text of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S. 748), Tim Delaney, President and CEO of the National Council of Nonprofits, released the following statement:

“There is much to celebrate in this deal, but still a lot of advocacy needed as Congress starts thinking about “phase four. Access to emergency loans will help keep the doors of many nonprofits open, so they can continue serving their communities. The inclusion of a universal, non-itemizer deduction that every American taxpayer can use is a step in the right direction, but Congress needs to both significantly increase the $300 tax incentive and extend it to 2019 tax returns to get donations flowing to nonprofits immediately. Nonprofits cannot afford to look solely at Congress, however, because these new federal laws will trigger state legislatures and governors to change their laws to accommodate, which means nonprofits can win or lose more at the state level without substantial advocacy there as well.”

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