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Read about Congress Passes Major Tax Package; Nonprofits Directly Impacted

Congress Passes Major Tax Package; Nonprofits Directly Impacted

After months of debate and negotiations, the President signed into law H.R. 1, formerly known as the “One Big Beautiful Bill Act,” a major tax package that directly impacts the nonprofit sector and its ability to serve communities nationwide.

The Senate Finance Committee released yesterday revisions to the “One Big Beautiful Bill Act,” a major tax bill passed by the House of Representatives last month that Republicans hope to enact by July 4.

Factsheet on the role of nonprofits as trusted and accountable local partners.

The House of Representatives voted Thursday to approve the “One Big Beautiful Bill Act," and several changes to the bill are expected. This provides the nonprofit sector with an opportunity to urge Senate leaders to remove several harmful provisions.

President Trump released today a “skinny” budget, outlining his spending priorities for Fiscal Year (FY) 2026. The National Council of Nonprofits looks at what this will mean for nonprofits.

This compilation of topics reflects some of the most frequently asked questions we received this year.

Based on the data submitted by state, local, and territorial governments, as of June 30, 2024, an estimated $46.0 billion in SLFRF resources remain available.

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