The Chronicle of Philanthropy reports that the House and Senate have each passed a bill that “would renew and extend several provisions affecting charitable giving,” including the IRA charitable rollover. However, the legislation may have difficulty passing “because the House and Senate disagree over how to pay for the overall tax package. What’s more, the House passed its legislation in a form that differs from the Senate version.” Update: Charity Tax Breaks Stall In Congress
Representative John Lewis (D-GA), Chairman of the House Ways and Means Subcommittee on Oversight, introduced a bill that seeks to clarify reforms to tax law governing charitable organizations. The national Council on Foundations says that the bill, The Charity Enhancement Act of 2008 (H.R.7083) (PDF), seeks to clarify some of the charitable reform provisions in the Pension Protection Act of 2006. The bill was brought to the floor of the house on Saturday, and was approved via a voice vote. COF has endorsed the provisions outlined in H.R. 7083 and is encouraging contact with your representative to ask for his/her support of the bill, which so far has five co-sponsors, including Representative Jim Ramstad (R-MN). More information…
Alliance for Justice has released a new fact sheet (PDF) that tells how 501(c)(3) organizations may and may not interact with political campaigns and candidates.
This entry was posted on Monday, September 29th, 2008 at 10:17 am and is filed under government, public policy. You can follow any responses to this entry through the RSS 2.0 feed.
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