Restoring Charitable Giving Incentives

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Update: The U.S. House of Representatives voted in favor of the America Gives More Act on February 12, 2015 to restore key charitable giving tax incentives and make them permanent. 

Using the same name as a similar bill put forth in July, the America Gives More Act of 2015 (H.R. 644) is expected to extend and make permanent the IRA charitable rollover (H.R. 637), the enhanced and expanded deduction of food inventories (H.R. 644), and the expanded tax deduction to promote donation of land for conservation purposes (text of H.R. 641). Congress waited until the very end of 2014 to enact a short-term extension of these provisions, and that extension has already expired. The permanent extension of these incentives is critical to avoid this troubling on-again/off-again nature of the incentives that makes reliable planning impossible for those who want to donate, limits their applicability to smaller organizations, and has historically led to the lapse of these incentives which has resulted in materially decreased donations to charities across the country.

The bill will also likely streamline the foundation excise tax by setting a single tax rate of 1 percent on net investment income for private foundations (H.R. 640).

TAKE ACTION

Senators need to hear from you to understand that passing permanent extensions of these tax incentives is a very important to nonprofits and the people you serve. Time is truly of the essence, so contact your Senator today by phone, email, or social media.

By Phone:

Call the Capitol switchboard (202-224-3121), ask to be connected to your Senator's office, and say:

Vote Yes on the the America Gives More Act; the people who benefit from the work of nonprofits in our community need your support.

By Email:

Find your Senator's email address and send her/him this message, along with any other information about how the expired giving incentives have helped your nonprofit perform work in their communities:

Vote Yes on the America Gives More Act (H.R. 644); the people who benefit from the work of nonprofits in our community need your support.

By Twitter:

Find your Senator’s Twitter handles and tweet one of the following @ them:

@_____ Vote Yes on the America Gives More Act #HR644; the people who benefit from the work of nonprofits in our community need your support #protectgiving

@_____ Help our communities and the nonprofits that serve them: pass the America Gives More Act #HR644 #protectgiving

@_____ communities served by #nonprofits deserve better. Make charitable giving incentives permanent by passing the America Gives More Act #HR644

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