The Tax Relief Act (actually, “The Tax Relief, Unemployment Insurance Preauthorization, and Job Creation Act of 2010”), passed by Congress and signed into law by President Barak Obama late in December 2010 included several provisions that may directly or indirectly impact non-profit organizations. A summary of key provisions follows: The most immediate benefit felt by …
Posts Tagged: Barak Obama
President Obama Clarifies Rules for Religious Charities that Receive Federal Money for Social Services
President Barak Obama issued an executive order on November 17 that sheds light on the new policy-making criteria for religious social-service providers who receive federal money in the way of grants and contracts. This order ensures that the money is only used for secular purposes. According to the Chronicle of Philanthropy, “President Obama signed an …