Monday, March 14, 2005

Some nonprofits could be taxed - 2005-03-14 Austin

Some nonprofits could be taxed - 2005-03-14: " number of nonprofits could be on the verge of doing something they've never had to do: fork over payroll taxes.

As state lawmakers consider ways to finance public schools, yet reduce property taxes, some legislators are calling for a payroll tax on any nonprofit not classified by the IRS as a 501(c)(3). That would leave traditional nonprofits, such as the Capital Area Food Bank, the Lance Armstrong Foundation and Goodwill Industries, unscathed. "

No comments: