Among the recommendations of the President’s National Commission on Fiscal Responsibility and Reform is to eliminate the deduction for charitable contributions. While the report did not receive sufficient votes to require an up-or-down vote in Congress, this recommendation did catch the attention of Congress and, apparently, the White House. This is one of many issues …
Posts Tagged: Non-Profit Legal Matters
Non-Profit Tax Breaks In Danger
“Strapped Cities Hit Nonprofits with Fees” reports The Wall Street Journal in its December 27, 2010 issue. What’s it all about? Apparently, many municipalities are reconsidering the many special tax breaks received by non-profits. Typical is the exemption from property taxes offered in much of the nation. As an official from the National Council on …