PF Excise Tax

2018 ACR Summit for Leaders Wrap-Up

More than 200 foundation representatives and nonprofit leaders attended the 2018 ACR Summit for Leaders on March 13, our annual policy program held as part of United Philanthropy Forum’s Foundations on the Hill. Coming on the heels of the first comprehensive tax reform legislation in over three decades, attendees were anxious to hear from leaders […]

ACR News 12.8.17 – A Meeting of the Minds

>> Federal: Washington Roundup >> Federal: Conference Committee: A Meeting of the Minds >> Federal: What a Will be in the Bill? >> Federal: What Comes Next? >> Federal: That Pesky Budget >> Federal: Roadmap for Action – December >> Consider This: Unintended Consequences >> Top Reads: Final Senate Bill Provides Little For Nonprofits Washington Roundup This […]

Universal Charitable Deduction, CHARITY Act Offered as Amendments to Senate Tax Reform Bill

WASHINGTON, D.C.— Two amendments aimed at protecting and expanding charitable giving will be considered by the Senate Finance Committee this week during the markup of the Senate tax reform bill, the Tax Cuts and Jobs Act. The first is an amendment from Sens. Debbie Stabenow (D-MI) and Ron Wyden (D-OR) that seeks to prevent almost […]

ACR News 11.10.17 – Tax Reform in Full Swing

>> Federal: House Tax Reform Bill >> Federal: Senate Tax Reform Bill >> Federal: JCT Analysis Tax reform is now in full swing with legislation having been unveiled in both houses of Congress and the Ways and Means Committee advancing the House version for consideration on the floor of the House. We provide all the […]

What’s in the House Tax Bill?

Yesterday, House Republicans issued their tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. As was anticipated, the tax reform bill doubles the standard deduction, reducing the number of itemizers from one-third of Americans to about five percent. According to IRS data, this would remove the tax incentive for an estimated $95 billion […]

ACR Sessions at The Philanthropy Roundtable Annual Meeting

Last week, The Philanthropy Roundtable held its Annual Meeting in Scottsdale, AZ. As part of the programming, the Alliance for Charitable Reform held a panel on tax policy and charitable giving featuring Robert Sharpe, chairman of the Sharpe Group, and Sandra Swirski, ACR executive director. Pete Bird of the Frist Foundation moderated the panel which […]

ACR News 7.28.17 – Stuck in the Moment

>> Federal: Washington Roundup >> Federal: Tax Reform >> Federal: There’s More Than Just the Charitable Deduction: CHARITY Act and PF Excise Tax Simplification  >> Federal: Champions for Charity and Submission to Chairman Hatch >> Federal: Webinar Recap: Potential Revenue Raisers in Tax Reform  >> Federal: Roadmap for Action – August >> Consider This: Stuck […]

CHARITY Act Introduced in US Senate

WASHINGTON, D.C.— Legislation that would protect and expand charitable giving, particularly for community charities, was introduced in the U.S. Senate today by Sens. John Thune (R-SD), Bob Casey (D-PA), Pat Roberts (R-KS) and Ron Wyden (D-OR).  S. 1343 – the Charities Helping Americans Regularly Throughout the Year Act, or CHARITY Act – includes three provisions […]

Legislation Aimed At Increasing Charitable Giving Introduced In House

WASHINGTON, D.C.— Reps. Erik Paulsen (R-MN) and Danny Davis (D-IL) reintroduced on May 4 H.R. 2386, the Private Foundation Excise Tax Simplification Act, which will result in more funds being available for charities. Reps. Pat Tiberi (R-OH), George Holding (R-NC), and Richard Nolan (D-MN) are original cosponsors of the legislation. “The House of Representatives has […]