Nonprofits Under Threat: What’s in the House Tax Bill and How You Can Help - via National Council of Nonprofits
The House Ways and Means Committee released today its draft tax legislation, which is the core of a major tax reconciliation package that Republicans hope to enact by summer. The draft tax bill includes many provisions which, if enacted, could have a significant impact on nonprofit organizations nationwide and the people they serve. Please urge your Republican Representatives and Senators to: OPPOSE granting unprecedented authority to the Executive Branch to revoke nonprofit status from organizations without due process. This provision allows Administrations to target charitable nonprofits based on ideological grounds. OPPOSE new or expanded taxes on nonprofit organizations, including private foundations. These proposals divert scarce resources away from essential services, undermine the ability of charitable nonprofit organizations to meet needs in their communities, and put greater strain on government. See NCN’s one-pager on protecting nonprofits in tax reconciliation for more infor...