Taxing nonprofits would harm N.C. communities

Taxing nonprofits would harm N.C. communities

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As Chair of the Board for the N.C. Center for Nonprofits and President and CEO of the Levine Museum of the New South, I know firsthand how essential charitable nonprofits are in our state. From child care, preschool and early education, to recreation, arts, disaster relief, health care, higher education, places of faith and senior care – nonprofits play an integral role in the lives of North Carolinians.

If the legislature added a tax on our state’s nonprofits, many charitable nonprofits would have to restructure their business models. If enacted, the new tax would take precious resources away from churches, hospices, YMCAs, Habitat for Humanity, hospitals, colleges and universities, senior care organizations, community health centers, and other charitable nonprofits. They would inevitably be forced to scale back on the volume of services we provide, and potentially even need to eliminate some job positions. Nonprofits’ ability to meet community needs is directly tied to our tax status.

The fact that our proceeds must, by law, be reinvested in our organization and the services we provide, is what sets us apart from for-profit entities, and we deserve better protection. Our mission is to serve the people of North Carolina, not shareholders.

Source Name: 
The Charlotte Observer

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