House Bill 61 Sponsor Statement: Gaming: Calcutta Pools & Crane Classics: "Gaming: Calcutta Pools & Crane Classics
Sponsor Statement for House Bill 61
Released:
April 14, 2005
Updated:
April 14, 2005
Shalon Szymanski
Legislative Aide
465-6841 (Jan-May)
269-0250 (Jun-Dec)
'An Act relating to Calcutta pools and crane classics as authorized forms of charitable gaming. '
'The intent of HB 61 is to protect this traditional game of chance, which is strongly supported by many Alaskans and the charity organizations that rely on funds raised by this event.'
- Rep. McGuire
Alaska State law authorizes the Department of Revenue to issue permits to a municipality or qualified organization to conduct games of chance for charitable purposes. This bill would simply add 'Calcutta pool' to the to the list of games of chance and give eligible organizations the opportunity to hold such events as a method of charitable fundraising."
Friday, April 29, 2005
The Beaufort Gazette: Uncle Sam casts eye to deduction
The Beaufort Gazette: Uncle Sam casts eye to deduction: "Uncle Sam casts eye to deduction
All benefits shouldn't flow uphill
Published Fri, Apr 29, 2005
Just in case anyone misunderstood the Internal Revenue Service forms -- and checks -- submitted by April 15, a presidential panel has a message: Taxpayers got off to light; they get too many deductions. Say again.
President Bush's Advisory Panel on Federal Tax Reform said in a report this week : 'We have lost sight of the fact that the fundamental purpose of our tax system is to raise revenues to fund government.'"
All benefits shouldn't flow uphill
Published Fri, Apr 29, 2005
Just in case anyone misunderstood the Internal Revenue Service forms -- and checks -- submitted by April 15, a presidential panel has a message: Taxpayers got off to light; they get too many deductions. Say again.
President Bush's Advisory Panel on Federal Tax Reform said in a report this week : 'We have lost sight of the fact that the fundamental purpose of our tax system is to raise revenues to fund government.'"
Wednesday, April 27, 2005
Charity loopholes benefit rich - The Daily Campus - Commentary
Charity loopholes benefit rich - The Daily Campus - Commentary: "Charity loopholes benefit rich
By Terry DeToy
Published: Wednesday, April 27, 2005
Article Tools:Page 1 of 3
'Supporting organization' seems to be a curiously transparent word. It doesn't seem to make any kind of attempt to present itself within any pre-designated context, nor does it imply any self-evident characterization.
A 'supporting organization' sounds like something one goes to in order to kick a drug habit. Ironically, supporting organizations are the new drug for America's oldest addiction: greed.
When policemen go to middle school classrooms to talk about drugs they usually have a video to show of some mock-addict teenager in the suburbs looking for his next fix. These videos always include a scene where the teenager sneaks into his/her mother's purse or little brother's piggy bank to get drug money. These scenes are usually supposed to evoke disgust. American middle school children are aware enough to know the notion of stealing from others to benefit one's own addiction is abhorrent."
By Terry DeToy
Published: Wednesday, April 27, 2005
Article Tools:Page 1 of 3
'Supporting organization' seems to be a curiously transparent word. It doesn't seem to make any kind of attempt to present itself within any pre-designated context, nor does it imply any self-evident characterization.
A 'supporting organization' sounds like something one goes to in order to kick a drug habit. Ironically, supporting organizations are the new drug for America's oldest addiction: greed.
When policemen go to middle school classrooms to talk about drugs they usually have a video to show of some mock-addict teenager in the suburbs looking for his next fix. These videos always include a scene where the teenager sneaks into his/her mother's purse or little brother's piggy bank to get drug money. These scenes are usually supposed to evoke disgust. American middle school children are aware enough to know the notion of stealing from others to benefit one's own addiction is abhorrent."
- First Read - MSNBC.com-The Senate Rules Committee today marks up S. 271, or McCain-Feingold II
- First Read - MSNBC.com:
snip snip>>
"The Senate Rules Committee today marks up S. 271, or McCain-Feingold II, which would extend many of the tenets of McCain-Feingold to 527s, unions, advocacy groups, and 501(c)'s that participate in nonfederal as well as federal political activities. The bill's sponsors are bipartisan, but Democratic strategists contend that the measure would cripple their party's campaign ground game -- and that Democratic members of Congress, including a few co-sponsors of the legislation, are realizing this too late. They also argue that the bill casts too wide a net, and that the effort to quash start-up 527s like the Swift Boat Vets for Truth has ensnared older, established groups on both sides of the aisle which have been around for years"
snip snip>>
"The Senate Rules Committee today marks up S. 271, or McCain-Feingold II, which would extend many of the tenets of McCain-Feingold to 527s, unions, advocacy groups, and 501(c)'s that participate in nonfederal as well as federal political activities. The bill's sponsors are bipartisan, but Democratic strategists contend that the measure would cripple their party's campaign ground game -- and that Democratic members of Congress, including a few co-sponsors of the legislation, are realizing this too late. They also argue that the bill casts too wide a net, and that the effort to quash start-up 527s like the Swift Boat Vets for Truth has ensnared older, established groups on both sides of the aisle which have been around for years"
Nonprofits face sweeping overhaul of federal rules - 2005-04-25
Nonprofits face sweeping overhaul of federal rules - 2005-04-25: "Nonprofits face sweeping overhaul of federal rules
Robin J. Moody
Business Journal staff writer
After a period of intensive government scrutiny that started last summer, tax-exempt organizations in Oregon and nationwide are facing a dramatic overhaul of the federal rules that govern their operations.
'It is almost certain something is going to happen soon. These would be the biggest changes in how tax-exempt organizations operate, with respect to tax law, since 1969,' said William Manne, a tax attorney with Miller Nash's Portland office. "
Robin J. Moody
Business Journal staff writer
After a period of intensive government scrutiny that started last summer, tax-exempt organizations in Oregon and nationwide are facing a dramatic overhaul of the federal rules that govern their operations.
'It is almost certain something is going to happen soon. These would be the biggest changes in how tax-exempt organizations operate, with respect to tax law, since 1969,' said William Manne, a tax attorney with Miller Nash's Portland office. "
Tuesday, April 26, 2005
DeLay Woes Prompt Rush to Refile Forms
DeLay Woes Prompt Rush to Refile Forms: "DeLay Woes Prompt Rush to Refile Forms
Lawmakers Fear Ripples Over Ethics
By Mike Allen
Washington Post Staff Writer
Tuesday, April 26, 2005; Page A01
Members of Congress are rushing to amend their travel and campaign records, fearing that the controversy over House Majority Leader Tom DeLay will trigger an ethics war that will bring greater scrutiny to their own travel and official activities.
Some offices have sharply limited staff travel, and some members are not traveling at all because of the intense review they believe they will face in coming months."
Lawmakers Fear Ripples Over Ethics
By Mike Allen
Washington Post Staff Writer
Tuesday, April 26, 2005; Page A01
Members of Congress are rushing to amend their travel and campaign records, fearing that the controversy over House Majority Leader Tom DeLay will trigger an ethics war that will bring greater scrutiny to their own travel and official activities.
Some offices have sharply limited staff travel, and some members are not traveling at all because of the intense review they believe they will face in coming months."
Rocky Mountain News: Legislature-State tax checkoff list grows
Rocky Mountain News: Legislature: "State tax checkoff list grows
Lawmaker says too many nonprofits 'dilutes purpose,' laments changes in rules
By Lynn Bartels, Rocky Mountain News
April 26, 2005
Pet neutering. A veterans' cemetery. Homeless prevention.
Coloradans can donate to those and other causes when they file their state income taxes as part of a 28-year-old program. "
Lawmaker says too many nonprofits 'dilutes purpose,' laments changes in rules
By Lynn Bartels, Rocky Mountain News
April 26, 2005
Pet neutering. A veterans' cemetery. Homeless prevention.
Coloradans can donate to those and other causes when they file their state income taxes as part of a 28-year-old program. "
MetroWest Daily News - Local News Coverage
MetroWest Daily News - Local News Coverage:
snip snip>>
" State Rep. John Rogers, D-Norwood, said the rollback is 'fiscally irresponsible' in a state with a $800 million structural deficit. State Rep. Thomas Stanley, D-Waltham, who opposed the rollback, said the Massachusetts Taxpayers Foundation has said that talk of a surplus in the state is misleading because budget estimates last year were conservative.
MassGOP Executive Director Tim O'Brien, however, said the Democrats are ignoring 'positive economic indicators,' including new job generation and a $700 million surplus added to state coffers last year.
The failed amendments also would have allowed people to deduct charitable donations from their state taxes. "
snip snip>>
" State Rep. John Rogers, D-Norwood, said the rollback is 'fiscally irresponsible' in a state with a $800 million structural deficit. State Rep. Thomas Stanley, D-Waltham, who opposed the rollback, said the Massachusetts Taxpayers Foundation has said that talk of a surplus in the state is misleading because budget estimates last year were conservative.
MassGOP Executive Director Tim O'Brien, however, said the Democrats are ignoring 'positive economic indicators,' including new job generation and a $700 million surplus added to state coffers last year.
The failed amendments also would have allowed people to deduct charitable donations from their state taxes. "
KRT Wire | 04/26/2005 | Congressional ethics: Friends in high places
KRT Wire | 04/26/2005 | Congressional ethics: Friends in high places: "Congressional ethics: Friends in high places
Knight Ridder/Tribune News Service
(KRT) - The following editorial appeared in the St. Louis Post-Dispatch on Monday, April 25:
X X X
House Majority Leader Tom DeLay, R-Texas, the tough and aggressive legislative leader known as 'The Hammer,' has a softer side. He and his wife, Christine DeLay, have raised three foster children and are committed to helping abused and neglected kids.
To that end, the DeLays 19 years ago founded the DeLay Foundation for Kids. Since 2002, the foundation's biggest goal has been to build a prototype residential care facility for foster children on 50 acres it owns in Fort Bend County, Texas, in suburban Houston. When the project, to be known as the Oaks at Rio Bend, was announced in 2002, Christine DeLay said she hoped the $7 million facility eventually would be supported by the Fort Bend County community."
Knight Ridder/Tribune News Service
(KRT) - The following editorial appeared in the St. Louis Post-Dispatch on Monday, April 25:
X X X
House Majority Leader Tom DeLay, R-Texas, the tough and aggressive legislative leader known as 'The Hammer,' has a softer side. He and his wife, Christine DeLay, have raised three foster children and are committed to helping abused and neglected kids.
To that end, the DeLays 19 years ago founded the DeLay Foundation for Kids. Since 2002, the foundation's biggest goal has been to build a prototype residential care facility for foster children on 50 acres it owns in Fort Bend County, Texas, in suburban Houston. When the project, to be known as the Oaks at Rio Bend, was announced in 2002, Christine DeLay said she hoped the $7 million facility eventually would be supported by the Fort Bend County community."
Monday, April 25, 2005
Philanthropy Journal-Tax-exempt groups providing financial disclosure, study says
Philanthropy Journal-Your online source for news about nonprofits, social issues, and policy change - newsarticle: "Nonprofit reporting
Tax-exempt groups providing financial disclosure, study says.
04.25.2005 -
Almost all nonprofits already are complying with financial reporting practices being considered by the Senate Finance Committee, a new survey says.
More than nine in 10 nonprofits provide financial statements to board members and almost all have been audited within the past two years, says the survey of more than 600 tax-exempt groups throughout the U.S."
Tax-exempt groups providing financial disclosure, study says.
04.25.2005 -
Almost all nonprofits already are complying with financial reporting practices being considered by the Senate Finance Committee, a new survey says.
More than nine in 10 nonprofits provide financial statements to board members and almost all have been audited within the past two years, says the survey of more than 600 tax-exempt groups throughout the U.S."
The New York Times > National > Charities Are Silent on Loss of Estate Tax
The New York Times > National > Charities Are Silent on Loss of Estate Tax: "Charities Are Silent on Loss of Estate Tax
By STEPHANIE STROM
Published: April 24, 2005
Charities stand to lose roughly $10 billion a year if the federal estate tax is repealed permanently, according to a study conducted by the Brookings Institution and the Urban Institute. That is roughly the equivalent of all the grants made by the country's 82 largest foundations in 2003."
By STEPHANIE STROM
Published: April 24, 2005
Charities stand to lose roughly $10 billion a year if the federal estate tax is repealed permanently, according to a study conducted by the Brookings Institution and the Urban Institute. That is roughly the equivalent of all the grants made by the country's 82 largest foundations in 2003."
Friday, April 22, 2005
The Union Leader and New Hampshire Sunday News - 22-Apr-05 - AG may tighten rules on Texas Hold 'em
The Union Leader and New Hampshire Sunday News - 22-Apr-05 - AG may tighten rules on Texas Hold 'em: " Attorney General Kelly Ayotte wants to strengthen the state's hand in Texas Hold 'em poker tournaments by closing a loophole some charities are exploiting.
She told the Governor and Executive Council this week she is conferring with legislators about tightening the law and will likely have something for the Legislature to consider next year. "
She told the Governor and Executive Council this week she is conferring with legislators about tightening the law and will likely have something for the Legislature to consider next year. "
Thursday, April 21, 2005
U.S. Hearing Focuses on Nonprofits
Business community to aid Perdue | ajc.com: "U.S. hearing focuses on nonprofits
In recognition of Atlanta's role as a center for nonprofits, a federal hearing on improving the oversight and governance of the philanthropic sector is to be held today at the Atlanta History Center.
The U.S. Senate's Finance Committee established the Panel on the Nonprofit Sector to hear how the charitable community can improve its business practices.
'Atlanta is a true center for not-for-profit organizations,' said Dr. John Seffrin, president of the American Cancer Society.
Seffrin believes the panel will recommend that nonprofits improve their own governance by implementing conflict-of-interest guidelines and establishing active audit committees. He also said that every nonprofit with a budget of more than $2 milllion would be encouraged to file its federal 990 forms electronically.
The panel will deliver its final report to the U.S. Senate later this spring."
In recognition of Atlanta's role as a center for nonprofits, a federal hearing on improving the oversight and governance of the philanthropic sector is to be held today at the Atlanta History Center.
The U.S. Senate's Finance Committee established the Panel on the Nonprofit Sector to hear how the charitable community can improve its business practices.
'Atlanta is a true center for not-for-profit organizations,' said Dr. John Seffrin, president of the American Cancer Society.
Seffrin believes the panel will recommend that nonprofits improve their own governance by implementing conflict-of-interest guidelines and establishing active audit committees. He also said that every nonprofit with a budget of more than $2 milllion would be encouraged to file its federal 990 forms electronically.
The panel will deliver its final report to the U.S. Senate later this spring."
Nonprofits and Foundations Speak Out On Ways to Improve the Sector
Nonprofits and Foundations Speak Out On Ways to Improve the Sector: "Press ReleaseSource: Michigan Nonprofit Association
Nonprofits and Foundations Speak Out On Ways to Improve the Sector
Thursday April 21, 11:11 am ET
- The Charles Stewart Mott Foundation, Council of Michigan Foundations, Kresge Foundation, Michigan Nonprofit Association and W.K. Kellogg Foundation Hold Field Meeting on Wednesday, April 27 (1:00 p.m.
- 4:00 p.m.)
SOUTHFIELD, Mich., April 21 /PRNewswire/ -- Charities and philanthropies will have an opportunity to speak out on ways to improve the oversight and governance within the sector at a Field Meeting at the Westin - Southfield (1500 Town Center) on April 27 from 1:00 p.m. to 4:00 p.m. Media is invited to attend."
Nonprofits and Foundations Speak Out On Ways to Improve the Sector
Thursday April 21, 11:11 am ET
- The Charles Stewart Mott Foundation, Council of Michigan Foundations, Kresge Foundation, Michigan Nonprofit Association and W.K. Kellogg Foundation Hold Field Meeting on Wednesday, April 27 (1:00 p.m.
- 4:00 p.m.)
SOUTHFIELD, Mich., April 21 /PRNewswire/ -- Charities and philanthropies will have an opportunity to speak out on ways to improve the oversight and governance within the sector at a Field Meeting at the Westin - Southfield (1500 Town Center) on April 27 from 1:00 p.m. to 4:00 p.m. Media is invited to attend."
Economy & Policy Review of exemptions for trusts suggested (India)
Economy & Policy: "Review of exemptions for trusts suggested
Our Economy Bureau / New Delhi April 21, 2005
A parliamentary committee has recommended that the finance ministry consider incorporating a limitation provision for granting income-tax exemptions to a fund or an institution established for charitable purposes. The exemptions relate to assessment years starting 1986-87.
�The committee feel that grant of exemption to organisations after a gap of as long as 16 years does raise doubts about the rationale and bona-fides of such a step. Absence of a limitation provision is obviously a lacuna in the act or rules which should have suitably got amended by the department of revenue on its own initiative,� the committee on subordinate legislation said in a report tabled in Parliament today. "
Our Economy Bureau / New Delhi April 21, 2005
A parliamentary committee has recommended that the finance ministry consider incorporating a limitation provision for granting income-tax exemptions to a fund or an institution established for charitable purposes. The exemptions relate to assessment years starting 1986-87.
�The committee feel that grant of exemption to organisations after a gap of as long as 16 years does raise doubts about the rationale and bona-fides of such a step. Absence of a limitation provision is obviously a lacuna in the act or rules which should have suitably got amended by the department of revenue on its own initiative,� the committee on subordinate legislation said in a report tabled in Parliament today. "
Marvin Olasky: The three political parties of Congress
Marvin Olasky: The three political parties of Congress:
snip snip
"Now, four CC co-sponsors of the Senate Republican Poverty Alleviation Agenda -- Rick Santorum of Pennsylvania, Sam Brownback of Kansas, Kay Bailey Hutchison of Texas and Jim Talent of Missouri -- are fighting for a 12-part agenda that includes some excellent items:
-- Passage of the CARE Act, which would allow non-itemizers to deduct from income taxes their charitable contributions, encourage contributions from IRAs and other accounts, and provide incentives for food donations to those in need.
-- Welfare reform reauthorization, which (unless ruined by amendments) will continue the progress made possible by the 1996 legislation: Since then, welfare rolls are down by over 50 percent, millions have exchanged welfare checks for paychecks and fewer children are impoverished.
-- Passage or expansion of tax credits for companies that transport donated food, construct or refurbish homes affordable by low-income people or hire the poor. (Instead of adding specialized credits that merely counteract some of the disincentives created by existing law regulation, and litigation, Congress should pass a general tax credit for poverty-fighting donations from individual taxpayers, but that's unlikely to happen.)
-- Charitable liability reform to expand protection for contributors of vehicles and other equipment to nonprofits. (This is one area where we have seen legislative progress through measures such as the Volunteer Protection Act and the Good Samaritan Food Donation Act.) "
snip snip
"Now, four CC co-sponsors of the Senate Republican Poverty Alleviation Agenda -- Rick Santorum of Pennsylvania, Sam Brownback of Kansas, Kay Bailey Hutchison of Texas and Jim Talent of Missouri -- are fighting for a 12-part agenda that includes some excellent items:
-- Passage of the CARE Act, which would allow non-itemizers to deduct from income taxes their charitable contributions, encourage contributions from IRAs and other accounts, and provide incentives for food donations to those in need.
-- Welfare reform reauthorization, which (unless ruined by amendments) will continue the progress made possible by the 1996 legislation: Since then, welfare rolls are down by over 50 percent, millions have exchanged welfare checks for paychecks and fewer children are impoverished.
-- Passage or expansion of tax credits for companies that transport donated food, construct or refurbish homes affordable by low-income people or hire the poor. (Instead of adding specialized credits that merely counteract some of the disincentives created by existing law regulation, and litigation, Congress should pass a general tax credit for poverty-fighting donations from individual taxpayers, but that's unlikely to happen.)
-- Charitable liability reform to expand protection for contributors of vehicles and other equipment to nonprofits. (This is one area where we have seen legislative progress through measures such as the Volunteer Protection Act and the Good Samaritan Food Donation Act.) "
"Grassley embarks on tax scam safari
Quad-City Times Newspaper Online - the Quad-Cities Home Page: "Grassley embarks on tax scam safari
Our technician Senator is climbing under the hood of U.S. tax law to get his hands dirty again.
We love to see Chuck Grassley in action.
Grassley�s Senate finance committee is taking on hunters, the NRA and abuse of charity tax law that is allowing rich hunters to shield millions in income from taxation. It�s a scam too weird to be believable and too complex and too politically charged to draw attention from most congressmen.
But not Chuck Grassley.
Grassley convened hearings to learn how big-buck companies are marketing hunt for free safari vacations. Hunters are recruited to take big game from Africa, South America and even the United States, then donate the mounted trophies to museums. The firms provide exorbitant appraisals for these stuffed animal donations and the hunters write off the contribution from their income taxes."
Our technician Senator is climbing under the hood of U.S. tax law to get his hands dirty again.
We love to see Chuck Grassley in action.
Grassley�s Senate finance committee is taking on hunters, the NRA and abuse of charity tax law that is allowing rich hunters to shield millions in income from taxation. It�s a scam too weird to be believable and too complex and too politically charged to draw attention from most congressmen.
But not Chuck Grassley.
Grassley convened hearings to learn how big-buck companies are marketing hunt for free safari vacations. Hunters are recruited to take big game from Africa, South America and even the United States, then donate the mounted trophies to museums. The firms provide exorbitant appraisals for these stuffed animal donations and the hunters write off the contribution from their income taxes."
The Chronicle, 4/20/2005: Congress Urged to Examine What Types of Groups Deserve Tax-Exempt Status
The Chronicle, 4/20/2005: Congress Urged to Examine What Types of Groups Deserve Tax-Exempt Status: "Congress Urged to Examine What Types of Groups Deserve Tax-Exempt Status
By Harvy Lipman
Washington
Congress should conduct a wide-ranging evaluation of laws governing tax-exempt organizations with an eye toward more clearly defining what types of groups deserve special treatment from the federal government, several legal experts told a hearing of the House Ways and Means Committee on Wednesday.
The hearing was an indication of the growing interest lawmakers have taken in nonprofit groups -- and of the likelihood that Congress intends to debate new legislation to alter how charities, foundations, and donors operate"
By Harvy Lipman
Washington
Congress should conduct a wide-ranging evaluation of laws governing tax-exempt organizations with an eye toward more clearly defining what types of groups deserve special treatment from the federal government, several legal experts told a hearing of the House Ways and Means Committee on Wednesday.
The hearing was an indication of the growing interest lawmakers have taken in nonprofit groups -- and of the likelihood that Congress intends to debate new legislation to alter how charities, foundations, and donors operate"
Tuesday, April 19, 2005
Bushes Paid $207,307 In Federal Income Tax (washingtonpost.com)
Bushes Paid $207,307 In Federal Income Tax (washingtonpost.com): "MENTOR, Ohio, April 15 -- President Bush and first lady Laura Bush paid $207,307 in federal income taxes on taxable income of $672,788 in 2004, according to the tax return released Friday by the White House.
The Bushes listed the president's $400,000 salary along with the investment income from trusts in which their assets are held, for an overall gross income of $784,219.
The couple, vocal advocates of volunteerism and the transforming power of targeted social service programs, reported contributing $77,785 to charitable organizations and churches in 2004. The recipients included St. John's Church near the White House; Evergreen Chapel at Camp David; the Salvation Army World Service Office; the American Red Cross; AmeriCares, an international relief organization; and the Susan G. Komen Foundation, which does breast cancer research. "
The Bushes listed the president's $400,000 salary along with the investment income from trusts in which their assets are held, for an overall gross income of $784,219.
The couple, vocal advocates of volunteerism and the transforming power of targeted social service programs, reported contributing $77,785 to charitable organizations and churches in 2004. The recipients included St. John's Church near the White House; Evergreen Chapel at Camp David; the Salvation Army World Service Office; the American Red Cross; AmeriCares, an international relief organization; and the Susan G. Komen Foundation, which does breast cancer research. "
Yahoo! News - Chicago Nonprofits Convene as U.S. Senate Considers New Regulationson Charities
Yahoo! News - Chicago Nonprofits Convene as U.S. Senate Considers New Regulationson Charities: "Chicago Nonprofits Convene as U.S. Senate Considers New Regulationson Charities
Mon Apr 18,10:21 AM ET
To: City Desk
Contact: Michelle Atoa of Jasculca/Terman and Associates 312-573-5491 or 312-933-7594 (cell) for YMCA of the USA; or Arnold Collins of YMCA of the USA, 312-419-8418 or 312-209-8418 (cell)
CHICAGO, April 18 /U.S. Newswire/ -- Charitable organizations from across the Chicagoland region gathered today at the Palmer House Hilton to discuss potential new regulations on the operations, governance and financial reporting of the nation's 1.3 million charitable organizations being considered by the U.S. Senate Finance Committee.
Convened by YMCA of the USA (Y-USA), along with The Chicago Community Trust, Donors Forum of Chicago, Joyce Foundation, United Way of Metropolitan Chicago and the Chicago Chapter of the Association of Fundraising Professionals, the meeting is one in a series being held across the country to get feedback from the nonprofit sector on the interim report the Panel on the Nonprofit Sector presented to the Senate in March as well as on issues they are considering for their Final Report to be presented in June."
Mon Apr 18,10:21 AM ET
To: City Desk
Contact: Michelle Atoa of Jasculca/Terman and Associates 312-573-5491 or 312-933-7594 (cell) for YMCA of the USA; or Arnold Collins of YMCA of the USA, 312-419-8418 or 312-209-8418 (cell)
CHICAGO, April 18 /U.S. Newswire/ -- Charitable organizations from across the Chicagoland region gathered today at the Palmer House Hilton to discuss potential new regulations on the operations, governance and financial reporting of the nation's 1.3 million charitable organizations being considered by the U.S. Senate Finance Committee.
Convened by YMCA of the USA (Y-USA), along with The Chicago Community Trust, Donors Forum of Chicago, Joyce Foundation, United Way of Metropolitan Chicago and the Chicago Chapter of the Association of Fundraising Professionals, the meeting is one in a series being held across the country to get feedback from the nonprofit sector on the interim report the Panel on the Nonprofit Sector presented to the Senate in March as well as on issues they are considering for their Final Report to be presented in June."
DMNews.com | News | Article-ATA Calls on Members to Lobby for Industry
DMNews.com News Article: "WASHINGTON -- The American Teleservices Association urged members yesterday to lobby state and federal lawmakers to head off legislation harmful to the industry.
ATA leadership asked members, who convened here at the Hyatt Regency on Capitol Hill for the annual ATA Washington summit, to open their doors to lawmakers. The association needs members to give tours of their operations to lawmakers at all levels of government to push the message that the industry benefits the economy and public, ATA leaders said.
'Not many people know exactly what we do,' said William Brierly, executive director of governmental and regulatory affairs for TeleTech and head of the ATA's federal legislative subcommittee. 'Not many people know how many people we employ. Those are two critical things to convey.' "
ATA leadership asked members, who convened here at the Hyatt Regency on Capitol Hill for the annual ATA Washington summit, to open their doors to lawmakers. The association needs members to give tours of their operations to lawmakers at all levels of government to push the message that the industry benefits the economy and public, ATA leaders said.
'Not many people know exactly what we do,' said William Brierly, executive director of governmental and regulatory affairs for TeleTech and head of the ATA's federal legislative subcommittee. 'Not many people know how many people we employ. Those are two critical things to convey.' "
Monday, April 18, 2005
The NonProfit Times - Non-Cash Gifts Targeted For Elimination By Congress
The NonProfit Times - The Leading Business Publication For Nonprofit Management - Weekly: "News Updates
Non-Cash Gifts Targeted For Elimination By Congress
Representatives of nonprofits that rely on non-cash gifts met informally in Washington. D.C., to build a coalition to fight the Senate Finance Committee's assault on the deductions individuals and businesses receive for such gifts to charity.
While advocacy group Independent Sector (IS) has issued an interim report for senators regarding reforms and accountability in the sector, the final report is not expected before June.
Ed Able, chief executive officer of the American Association of Museums, said approximately a dozen organizations met in his group's offices last month because of concerns legislators would not wait for IS's final report. The Association of Fundraising Professionals (AFP) was also a coordinator of the meeting. "
Non-Cash Gifts Targeted For Elimination By Congress
Representatives of nonprofits that rely on non-cash gifts met informally in Washington. D.C., to build a coalition to fight the Senate Finance Committee's assault on the deductions individuals and businesses receive for such gifts to charity.
While advocacy group Independent Sector (IS) has issued an interim report for senators regarding reforms and accountability in the sector, the final report is not expected before June.
Ed Able, chief executive officer of the American Association of Museums, said approximately a dozen organizations met in his group's offices last month because of concerns legislators would not wait for IS's final report. The Association of Fundraising Professionals (AFP) was also a coordinator of the meeting. "
Dateline Alabama -The state auditor is expected to send warning letters by Monday to about 1,000 nonprofit organizations
Dateline Alabama: "The state auditor is expected to send warning letters by Monday to about 1,000 nonprofit organizations that haven't accounted for how they spent millions in state dollars.
State Auditor Les Merritt is sending the letters to the groups, which were supposed to provide their spending reports by March 31.
Merritt's letter-writing campaign and a new set of state regulations are part of an effort to get a better grasp on the flow of tax dollars to nongovernment organizations."
State Auditor Les Merritt is sending the letters to the groups, which were supposed to provide their spending reports by March 31.
Merritt's letter-writing campaign and a new set of state regulations are part of an effort to get a better grasp on the flow of tax dollars to nongovernment organizations."
Friday, April 15, 2005
The Coming Senate Showdown over Estate Tax Reform - Center for American Progress
The Coming Senate Showdown over Estate Tax Reform - Center for American Progress: "The Coming Senate Showdown over Estate Tax Reform
By Chuck Collins
April 15, 2005
The House voted Wednesday 272 to 162 to permanently abolish the federal estate tax, just in time for the April 15th tax day media cycle. For the third time in four years, House leaders staged a vote to put pressure on the Senate, where the fate of America's only tax on accumulated wealth remains in the balance.
In the Senate, 60 votes are required to permanently repeal the estate tax. Advocates of repeal are dangerously close to that threshold - and the pressure that has been placed on a dozen swing senators is intense. At the same time, Senate Minority Leader Harry Reid (D-NV) has designated Sen. Charles Schumer (D-NY) to meet with leading repeal advocate Sen. Jon Kyl (R-AZ) to negotiate reform compromise proposals. An estate tax vote in the Senate is anticipated later this year."
By Chuck Collins
April 15, 2005
The House voted Wednesday 272 to 162 to permanently abolish the federal estate tax, just in time for the April 15th tax day media cycle. For the third time in four years, House leaders staged a vote to put pressure on the Senate, where the fate of America's only tax on accumulated wealth remains in the balance.
In the Senate, 60 votes are required to permanently repeal the estate tax. Advocates of repeal are dangerously close to that threshold - and the pressure that has been placed on a dozen swing senators is intense. At the same time, Senate Minority Leader Harry Reid (D-NV) has designated Sen. Charles Schumer (D-NY) to meet with leading repeal advocate Sen. Jon Kyl (R-AZ) to negotiate reform compromise proposals. An estate tax vote in the Senate is anticipated later this year."
Thomas Announces Hearing on an Overview of the Tax-Exempt Sector
Hearing Archives :Committee on Ways & Means :: U.S. House of Representatives :
ADVISORY
FROM THE COMMITTEE ON WAYS AND MEANS
FOR IMMEDIATE RELEASE
April 13, 2005
No. FC-7 CONTACT: (202) 225-1721
Thomas Announces Hearing on an Overview of the Tax-Exempt Sector
Congressman Bill Thomas (R-CA), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing titled “An Overview of the Tax-Exempt Sector.” The hearing will take place on Wednesday, April 20, 2005, in the main Committee hearing room, 1100 Longworth House Office Building, beginning at 10:30 a.m.
In view of the limited time available to hear witnesses, oral testimony at this hearing will be from invited witnesses only. Invited witnesses will include Honorable David Walker of the U.S. Government Accountability Office, Douglas Holtz-Eakin of the Congressional Budget Office, George Yin of the Joint Committee on Taxation, and several legal experts. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing.
ADVISORY
FROM THE COMMITTEE ON WAYS AND MEANS
FOR IMMEDIATE RELEASE
April 13, 2005
No. FC-7 CONTACT: (202) 225-1721
Thomas Announces Hearing on an Overview of the Tax-Exempt Sector
Congressman Bill Thomas (R-CA), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing titled “An Overview of the Tax-Exempt Sector.” The hearing will take place on Wednesday, April 20, 2005, in the main Committee hearing room, 1100 Longworth House Office Building, beginning at 10:30 a.m.
In view of the limited time available to hear witnesses, oral testimony at this hearing will be from invited witnesses only. Invited witnesses will include Honorable David Walker of the U.S. Government Accountability Office, Douglas Holtz-Eakin of the Congressional Budget Office, George Yin of the Joint Committee on Taxation, and several legal experts. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing.
MercuryNews.com | 04/15/2005 | GOP offering rich another present we can't afford
MercuryNews.com | 04/15/2005 | GOP offering rich another present we can't afford: "GOP offering rich another present we can't afford
RECKLESS PROPOSAL PROMISES TO STARVE OTHER PROGRAMS
Mercury News Editorial
Apparently no federal deficit is large enough or no gap between rich and poor wide enough for House Republicans to reconsider reckless tax cuts that benefit the wealthy. For the third time in four years, they voted to abolish the estate tax.
The estate tax -- or death tax, as conservative pollsters christened it -- is a progressive tax on inheritance. Although it falls on only about 2 percent of estates -- the biggest 30,600 in 2003 -- it brings in about $20 billion a year."
RECKLESS PROPOSAL PROMISES TO STARVE OTHER PROGRAMS
Mercury News Editorial
Apparently no federal deficit is large enough or no gap between rich and poor wide enough for House Republicans to reconsider reckless tax cuts that benefit the wealthy. For the third time in four years, they voted to abolish the estate tax.
The estate tax -- or death tax, as conservative pollsters christened it -- is a progressive tax on inheritance. Although it falls on only about 2 percent of estates -- the biggest 30,600 in 2003 -- it brings in about $20 billion a year."
Thursday, April 14, 2005
Inside Higher Ed :: Professional (Lobbying) Help
Inside Higher Ed :: Professional (Lobbying) Help
Professional (Lobbying) Help
With Congress planning major reviews of the nonprofit sector and the federal tax system, and with several key college perks potentially at risk, higher education associations aren’t taking any chances. They’re bringing in hired guns to supplement their lobbying.
Officials at the National Association of College and University Business Officers and the American Council on Education sent a joint e-mail Tuesday to leaders of 50 national college associations unveiling a “tax advocacy effort” aimed at promoting some tax provisions that could help colleges and stopping numerous others that could hurt institutions and students.
Professional (Lobbying) Help
With Congress planning major reviews of the nonprofit sector and the federal tax system, and with several key college perks potentially at risk, higher education associations aren’t taking any chances. They’re bringing in hired guns to supplement their lobbying.
Officials at the National Association of College and University Business Officers and the American Council on Education sent a joint e-mail Tuesday to leaders of 50 national college associations unveiling a “tax advocacy effort” aimed at promoting some tax provisions that could help colleges and stopping numerous others that could hurt institutions and students.
Wednesday, April 13, 2005
Erosion of Estate Tax Is a Lesson in Politics (washingtonpost.com)
Erosion of Estate Tax Is a Lesson in Politics (washingtonpost.com): "Erosion of Estate Tax Is a Lesson in Politics
A Break for the Well-to-Do Becomes an Everyman Issue
By Jonathan Weisman
Washington Post Staff Writer
Wednesday, April 13, 2005; Page E01
In 1992, when heirs to the Mars Inc. fortune joined a few other wealthy families to hire the law firm Patton Boggs LLP to lobby for estate tax repeal, the joke on K Street was that few Washington sightseers had paid so much for a fruitless tour of the Capitol.
Today, the House is expected to vote to permanently repeal the estate tax, moving the Mars candy, Gallo wine and Campbell soup fortunes one step closer to a goal that once seemed quixotic at best: ending all taxation on inheritances. "
A Break for the Well-to-Do Becomes an Everyman Issue
By Jonathan Weisman
Washington Post Staff Writer
Wednesday, April 13, 2005; Page E01
In 1992, when heirs to the Mars Inc. fortune joined a few other wealthy families to hire the law firm Patton Boggs LLP to lobby for estate tax repeal, the joke on K Street was that few Washington sightseers had paid so much for a fruitless tour of the Capitol.
Today, the House is expected to vote to permanently repeal the estate tax, moving the Mars candy, Gallo wine and Campbell soup fortunes one step closer to a goal that once seemed quixotic at best: ending all taxation on inheritances. "
The Seattle Times: Nation & World: Compromise on estate tax in the works
The Seattle Times: Nation & World: Compromise on estate tax in the works
Compromise on estate tax in the works
By Janet Hook
Los Angeles Times
WASHINGTON — Republicans in Congress are renewing their drive to abolish the estate tax for good, but some party leaders fear their long-held goal is out of reach despite GOP gains in the 2004 congressional elections.
As a result, a senior GOP leader has opened negotiations with Democrats on a possible compromise that would apply the tax only to the largest estates. That would allow the vast majority of taxpayers to pass on wealth tax-free to heirs. But it would mark a retreat by President Bush and GOP activists for full repeal of what they like to call the "death tax
Compromise on estate tax in the works
By Janet Hook
Los Angeles Times
WASHINGTON — Republicans in Congress are renewing their drive to abolish the estate tax for good, but some party leaders fear their long-held goal is out of reach despite GOP gains in the 2004 congressional elections.
As a result, a senior GOP leader has opened negotiations with Democrats on a possible compromise that would apply the tax only to the largest estates. That would allow the vast majority of taxpayers to pass on wealth tax-free to heirs. But it would mark a retreat by President Bush and GOP activists for full repeal of what they like to call the "death tax
Tuesday, April 12, 2005
TheDay.com, New London, CT
TheDay.com, New London, CT: "The New York Times published this editorial on Monday, April 11:
All the cunning of human nature at finding holes in the tax code was on display at a Senate hearing last week in the form of the mounted head of an African springbok � a bounding creature so delicate in life, so valuable in death as a charity write-off. The animal was a compelling Exhibit A as officials described how sportsmen and their accountants chisel the tax code with high-powered rifles.
Hunters underwrite exotic vacations by claiming deductions for trophy game, overgenerously appraised as charity donations for questionable �museums.� �Hunt for Free,� advertises one purveyor of this growing abuse. �We'll suggest what extra animals to take and donate for tax savings.�"
All the cunning of human nature at finding holes in the tax code was on display at a Senate hearing last week in the form of the mounted head of an African springbok � a bounding creature so delicate in life, so valuable in death as a charity write-off. The animal was a compelling Exhibit A as officials described how sportsmen and their accountants chisel the tax code with high-powered rifles.
Hunters underwrite exotic vacations by claiming deductions for trophy game, overgenerously appraised as charity donations for questionable �museums.� �Hunt for Free,� advertises one purveyor of this growing abuse. �We'll suggest what extra animals to take and donate for tax savings.�"
Wisconsin State Journal-Repeal of estate tax should be rejected
Wisconsin State Journal: "Repeal of estate tax should be rejected
00:00 am 4/12/05
Eliminating the federal estate tax would produce a long list of negative results, from aggravating the federal deficit problem to expanding the gap between the super-rich and the rest of society.
That's why the Wisconsin congressional delegation should oppose elimination of the estate tax. Instead, Wisconsin's representatives should favor more modest reforms to protect the upper-middle class from the reach of the estate tax and to make it easier for families to pass small businesses and farms to the next generation.
The U.S. House of Representatives this week is to consider legislation to get rid of the estate tax permanently. Under current law the estate tax is being phased out, with repeal taking effect in 2010. However, thanks to a goofy compromise, the repeal expires in 2011. The House is considering making the 2010 repeal permanent."
00:00 am 4/12/05
Eliminating the federal estate tax would produce a long list of negative results, from aggravating the federal deficit problem to expanding the gap between the super-rich and the rest of society.
That's why the Wisconsin congressional delegation should oppose elimination of the estate tax. Instead, Wisconsin's representatives should favor more modest reforms to protect the upper-middle class from the reach of the estate tax and to make it easier for families to pass small businesses and farms to the next generation.
The U.S. House of Representatives this week is to consider legislation to get rid of the estate tax permanently. Under current law the estate tax is being phased out, with repeal taking effect in 2010. However, thanks to a goofy compromise, the repeal expires in 2011. The House is considering making the 2010 repeal permanent."
News - Vehicle donations to charities plunge after change in tax law - sacbee.com
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News - Vehicle donations to charities plunge after change in tax law - sacbee.com: "Vehicle donations to charities plunge after change in tax law
By Will Evans -- Bee Staff Writer
Published 2:15 am PDT Tuesday, April 12, 2005
Car donations to charity have slumped in the three months since a new federal law tightened regulation of vehicle gifts, according to charities and car donation companies.
The tally of first-quarter vehicle gifts to nonprofit organizations came as legislators discussed more charity regulation last week during a U.S. Senate Finance Committee hearing in Washington.
Since Jan. 1, donors can no longer take a tax deduction for the 'fair market value' of their vehicle, if the value is more than $500. They must use the vehicle's sale price - often much lower - to calculate their tax benefit."
News - Vehicle donations to charities plunge after change in tax law - sacbee.com: "Vehicle donations to charities plunge after change in tax law
By Will Evans -- Bee Staff Writer
Published 2:15 am PDT Tuesday, April 12, 2005
Car donations to charity have slumped in the three months since a new federal law tightened regulation of vehicle gifts, according to charities and car donation companies.
The tally of first-quarter vehicle gifts to nonprofit organizations came as legislators discussed more charity regulation last week during a U.S. Senate Finance Committee hearing in Washington.
Since Jan. 1, donors can no longer take a tax deduction for the 'fair market value' of their vehicle, if the value is more than $500. They must use the vehicle's sale price - often much lower - to calculate their tax benefit."
Security Breach Legislation
Security Breach Legislation: "2005 Breach of Information Legislation
Last update: April 11, 2005
In February 2005, ChoicePoint, a corporation that collects and compiles information that includes personal and financial information on millions of consumers, disclosed that it been the victim of a security breach wherein it had sold personal information of almost 145,000 people to a criminal enterprise. The company first disclosed the breach only to California residents, as required by California's Notice of Security Breach law, enacted in 2002. However, the company later disclosed that residents in other states, the District of Columbia and three territories also may have been affected by the ChoicePoint breach (see List of states affected by ChoicePoint).
Since these disclosures, additional states have introduced legislation requiring that companies and/or state agencies disclose to consumers security breaches involving personal information. NCSL's Identity Theft Web page has additional information on related legislation.
Summary: Legislation is being considered in at least 28 states as of April 11, 2005. Status is indicated after bill has passed one house.
(See also 2004, 2003, and 2002 legislation.) "
Last update: April 11, 2005
In February 2005, ChoicePoint, a corporation that collects and compiles information that includes personal and financial information on millions of consumers, disclosed that it been the victim of a security breach wherein it had sold personal information of almost 145,000 people to a criminal enterprise. The company first disclosed the breach only to California residents, as required by California's Notice of Security Breach law, enacted in 2002. However, the company later disclosed that residents in other states, the District of Columbia and three territories also may have been affected by the ChoicePoint breach (see List of states affected by ChoicePoint).
Since these disclosures, additional states have introduced legislation requiring that companies and/or state agencies disclose to consumers security breaches involving personal information. NCSL's Identity Theft Web page has additional information on related legislation.
Summary: Legislation is being considered in at least 28 states as of April 11, 2005. Status is indicated after bill has passed one house.
(See also 2004, 2003, and 2002 legislation.) "
The Paris Hilton Tax Cut (washingtonpost.com)
The Paris Hilton Tax Cut (washingtonpost.com): "The Paris Hilton Tax Cut
By E. J. Dionne Jr.
Tuesday, April 12, 2005; Page A21
The same people who insist that critics of Social Security privatization should offer reform proposals of their own are working feverishly to eliminate alternatives that might reduce the need for benefit cuts or payroll tax increases.
I refer to the fact that House Republican leaders have scheduled a vote this week to abolish the estate tax permanently. Under a wacky provision of the 2001 tax cut designed to disguise the law's full cost, Congress voted to make the estate tax go away in 2010, but come back in full force in 2011. "
By E. J. Dionne Jr.
Tuesday, April 12, 2005; Page A21
The same people who insist that critics of Social Security privatization should offer reform proposals of their own are working feverishly to eliminate alternatives that might reduce the need for benefit cuts or payroll tax increases.
I refer to the fact that House Republican leaders have scheduled a vote this week to abolish the estate tax permanently. Under a wacky provision of the 2001 tax cut designed to disguise the law's full cost, Congress voted to make the estate tax go away in 2010, but come back in full force in 2011. "
The Paris News-Eltife seeks audits for non-profits
The Paris News
Eltife seeks audits for non-profits
By Mary Madewell
The Paris News
Published April 11, 2005
It’s been a busy session for first-term state Sen. Kevin Eltife, but the Republican from Tyler says he would like to see the legislative process move faster.
“I wish we were moving a lot faster,” Eltife said. “The hard thing for me to realize is that this is a slow process and to be patient and learn to work the system.”
The 79th Legislative Session ends May 30.
Eltife has authored several pieces of legislation with a bill on charitable organizations accountability and a measure to solve disputed land claims at the forefront.
Eltife seeks audits for non-profits
By Mary Madewell
The Paris News
Published April 11, 2005
It’s been a busy session for first-term state Sen. Kevin Eltife, but the Republican from Tyler says he would like to see the legislative process move faster.
“I wish we were moving a lot faster,” Eltife said. “The hard thing for me to realize is that this is a slow process and to be patient and learn to work the system.”
The 79th Legislative Session ends May 30.
Eltife has authored several pieces of legislation with a bill on charitable organizations accountability and a measure to solve disputed land claims at the forefront.
National Underwriter Hot News Everson eyes nonprofits
National Underwriter Hot News: "Everson Eyes Nonprofits
By Allison Bell / NU Online News Service, April 11, 2005, 6:10 p.m. EDT
The head of the Internal Revenue Service is complaining about what he says are abuses of charitable remainder trusts and other charitable-funding vehicles.
IRS Commissioner Mark Everson recently addressed his concerns about those issues at a U.S. Senate Finance Committee hearing on tax-exempt organizations.
Everson talked mostly about issues, such as tax breaks for used cars, which hold little interest for life insurance and estate planning specialists, but he did mention some topics that come up in estate planning discussions."
By Allison Bell / NU Online News Service, April 11, 2005, 6:10 p.m. EDT
The head of the Internal Revenue Service is complaining about what he says are abuses of charitable remainder trusts and other charitable-funding vehicles.
IRS Commissioner Mark Everson recently addressed his concerns about those issues at a U.S. Senate Finance Committee hearing on tax-exempt organizations.
Everson talked mostly about issues, such as tax breaks for used cars, which hold little interest for life insurance and estate planning specialists, but he did mention some topics that come up in estate planning discussions."
Monday, April 11, 2005
USATODAY.com - We're confronting abuses
USATODAY.com - We're confronting abuses: "We're confronting abuses
By Diana Aviv
For more than 300 years, America's charitable organizations have brought passion and commitment to their daily work of improving lives around the world. Sadly, a few people have used non-profits to benefit themselves, not the common good."
By Diana Aviv
For more than 300 years, America's charitable organizations have brought passion and commitment to their daily work of improving lives around the world. Sadly, a few people have used non-profits to benefit themselves, not the common good."
Chicago Tribune | Senator wants to end personal gain 'at the needy's expense'
Chicago Tribune | Senator wants to end personal gain 'at the needy's expense': "Senator wants to end personal gain 'at the needy's expense'
BY CHARLES STORCH
Tribune staff reporter
Published April 11, 2005
A recent survey of U.S. foundations found that nearly 57 percent of respondents felt that public calls for greater accountability by philanthropies were justified. According to the Foundation Center, 17 percent thought otherwise, and 26 percent had no opinion.
U.S. Sen. Charles Grassley (R-Iowa) certainly had an opinion after Tuesday's Senate Finance Committee hearing on charitable giving abuses."
BY CHARLES STORCH
Tribune staff reporter
Published April 11, 2005
A recent survey of U.S. foundations found that nearly 57 percent of respondents felt that public calls for greater accountability by philanthropies were justified. According to the Foundation Center, 17 percent thought otherwise, and 26 percent had no opinion.
U.S. Sen. Charles Grassley (R-Iowa) certainly had an opinion after Tuesday's Senate Finance Committee hearing on charitable giving abuses."
Friday, April 08, 2005
Stelly plan working, but lawmakers want change
Stelly plan working, but lawmakers want change: "Stelly plan working, but lawmakers want change
April 8, 2005
By Mike Hasten
mhasten@gannett.com
BATON ROUGE -- The tax shift known as the Stelly plan is working as predicted, bringing in more income tax revenues while eliminating sales taxes on food and utilities, lawmakers learned Thursday.
But several legislators who opposed the plan want to revise it to give tax breaks to people who make enough money to itemize their deductions.
State fiscal analyst Greg Albrecht told members of the House and Senate committees handling tax matters that only 20 percent of the state's 1.3 million taxpayers could take advantage of that situation.
Sen. Robert Adley, D-Benton, said Louisiana taxpayers should be able to claim more itemized deductions because 'It's a tax on God, a tax on sick people and a tax that keeps people from financing homes.'
Itemizers are able to claim tax breaks on church and charitable contributions, health-care expenses and home mortgages."
April 8, 2005
By Mike Hasten
mhasten@gannett.com
BATON ROUGE -- The tax shift known as the Stelly plan is working as predicted, bringing in more income tax revenues while eliminating sales taxes on food and utilities, lawmakers learned Thursday.
But several legislators who opposed the plan want to revise it to give tax breaks to people who make enough money to itemize their deductions.
State fiscal analyst Greg Albrecht told members of the House and Senate committees handling tax matters that only 20 percent of the state's 1.3 million taxpayers could take advantage of that situation.
Sen. Robert Adley, D-Benton, said Louisiana taxpayers should be able to claim more itemized deductions because 'It's a tax on God, a tax on sick people and a tax that keeps people from financing homes.'
Itemizers are able to claim tax breaks on church and charitable contributions, health-care expenses and home mortgages."
Thursday, April 07, 2005
Estate Tax Battle Taking Shape | American International Automobile Dealers |
Estate Tax Battle Taking Shape American International Automobile Dealers : "Estate Tax Battle Taking Shape
AIADA summary
Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.
But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs.
House and Senate members have proposed bills for permanent repeal, and House members could take action as early as next week.
Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.
But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs. In 2001, Congress voted to reduce the tax until it is eliminated in 2010. But it is set to return in 2011. "
AIADA summary
Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.
But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs.
House and Senate members have proposed bills for permanent repeal, and House members could take action as early as next week.
Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.
But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs. In 2001, Congress voted to reduce the tax until it is eliminated in 2010. But it is set to return in 2011. "
Forbes.com - Magazine Article-Congress Attacks Inflated Deductions
Forbes.com - Magazine Article: "In The Beltway
Congress Attacks Inflated Deductions
Janet Novack, 04.06.05, 1:00 PM ET
Just four years ago, U.S. charities were celebrating the prospect of new tax incentives for donors. As part of his 'compassionate conservative' agenda, President George W. Bush proposed giving the two-thirds of tax filers who don't itemize a special deduction for charitable contributions. Congress seemed on board too.
It turned out, however, that the White House and Congress had higher priorities when they doled out trillions in tax cuts. And now, amid growing worry about both the federal deficit and charitable abuses, charities are playing defense. In its 2006 budget proposal released in February, the Bush Administration called for $1.4 trillion in tax cuts over ten years, yet didn't even bother to include the deduction for non-itemizers. "
Congress Attacks Inflated Deductions
Janet Novack, 04.06.05, 1:00 PM ET
Just four years ago, U.S. charities were celebrating the prospect of new tax incentives for donors. As part of his 'compassionate conservative' agenda, President George W. Bush proposed giving the two-thirds of tax filers who don't itemize a special deduction for charitable contributions. Congress seemed on board too.
It turned out, however, that the White House and Congress had higher priorities when they doled out trillions in tax cuts. And now, amid growing worry about both the federal deficit and charitable abuses, charities are playing defense. In its 2006 budget proposal released in February, the Bush Administration called for $1.4 trillion in tax cuts over ten years, yet didn't even bother to include the deduction for non-itemizers. "
Wal-Mart family pushing estate tax repeal to protect control of company
Wal-Mart family pushing estate tax repeal to protect control of company: "Wal-Mart family pushing estate tax repeal to protect control of company
Jim Hopkins
USA Today
Apr. 6, 2005 08:46 AM
Wal-Mart drew broad scrutiny last year as its political spending soared in nationwide battles over health care, labor and other hot-button issues threatening the giant retailer's growth.
Now, in a little-noticed move, the company's founding family has plunged into a fight to pass income tax changes and other legislation that could preserve its grip on the United States' biggest business and the family's $84 billion fortune."
Jim Hopkins
USA Today
Apr. 6, 2005 08:46 AM
Wal-Mart drew broad scrutiny last year as its political spending soared in nationwide battles over health care, labor and other hot-button issues threatening the giant retailer's growth.
Now, in a little-noticed move, the company's founding family has plunged into a fight to pass income tax changes and other legislation that could preserve its grip on the United States' biggest business and the family's $84 billion fortune."
NPQ - Spring Issue - A Survey of Proposals for the Further Federal Regulation of Nonprofits
NPQ - Spring Issue - A Survey of Proposals for the Further Federal Regulation of Nonprofits: "Regulatory Landscape 2005
A Survey of Proposals for the Further Federal Regulation of Nonprofits
by the editors
The U.S. Senate Finance Committee held hearings on June 22 and July 22 of 2004 to consider what might be wrong with the regulatory system for foundations and the nonprofit sector, meeting under the title �Charity Oversight and Reform: Keeping Bad Things from Happening to Good Charities.� Ranking Democratic Finance Committee member Max Baucus (D-Montana) set the tone when at the first hearing he stated: �It�s obvious from the abuses we see that there�s been no check on charities. Big money, tax free, and no oversight have created a cesspool in too many cases.�
The June 22nd hearing featured mystery witnesses testifying under the pseudonyms �Mr. House� and �Mr. Car� (as if these were protected mafia witnesses) with their voices and appearances obscured. �Mr. Car� testified about vehicle donation scams, and soon after the Finance Committee drafted legislation to reduce vehicle donation deductions to the sale amount realized by the charity (not the �Blue Book� value). The very quick action changing deductions for vehicles, starting January 1, 2005 is projected to save $3.5 billion for the treasury. It shows the Senate Finance Committee is ready to get Congress to act on charitable reform - at least when it increases revenue. "
A Survey of Proposals for the Further Federal Regulation of Nonprofits
by the editors
The U.S. Senate Finance Committee held hearings on June 22 and July 22 of 2004 to consider what might be wrong with the regulatory system for foundations and the nonprofit sector, meeting under the title �Charity Oversight and Reform: Keeping Bad Things from Happening to Good Charities.� Ranking Democratic Finance Committee member Max Baucus (D-Montana) set the tone when at the first hearing he stated: �It�s obvious from the abuses we see that there�s been no check on charities. Big money, tax free, and no oversight have created a cesspool in too many cases.�
The June 22nd hearing featured mystery witnesses testifying under the pseudonyms �Mr. House� and �Mr. Car� (as if these were protected mafia witnesses) with their voices and appearances obscured. �Mr. Car� testified about vehicle donation scams, and soon after the Finance Committee drafted legislation to reduce vehicle donation deductions to the sale amount realized by the charity (not the �Blue Book� value). The very quick action changing deductions for vehicles, starting January 1, 2005 is projected to save $3.5 billion for the treasury. It shows the Senate Finance Committee is ready to get Congress to act on charitable reform - at least when it increases revenue. "
Charities Bill fails to become law.
content
Charities Bill fails to become law 05/04/05
The Charities Bill will not receive royal assent before the election, it has been confirmed today.
A spokesperson for the Home Office said: “The Government had proposed that the bill be dealt with during Wash Up, however, this was blocked by the opposition on the basis that the bill had received insufficient parliamentary scrutiny.”
The sector has expressed its dismay at the news and is calling on the political parties to commit to introducing a new bill in the first session of the new parliament.
Charities Bill fails to become law 05/04/05
The Charities Bill will not receive royal assent before the election, it has been confirmed today.
A spokesperson for the Home Office said: “The Government had proposed that the bill be dealt with during Wash Up, however, this was blocked by the opposition on the basis that the bill had received insufficient parliamentary scrutiny.”
The sector has expressed its dismay at the news and is calling on the political parties to commit to introducing a new bill in the first session of the new parliament.
Wednesday, April 06, 2005
Scoop: Charities Commission arrangements agreed
Scoop: Charities Commission arrangements agreed: "Charities Commission arrangements agreed
Wednesday, 6 April 2005, 4:45 pm
Press Release: New Zealand Government
6 April 2005 Media Statement
Charities Commission arrangements agreed
Associate Commerce Minister Judith Tizard and Community and Voluntary Sector Minister Rick Barker today detailed plans for future responsibility for the proposed Charities Commission and its legislation.
From July 1 2005, responsibility for the Charities Commission will transfer from the Ministry of Economic Development to the Department of Internal Affairs (DIA), which reports to Rick Barker as Minister for the Community and Voluntary Sector. "
Wednesday, 6 April 2005, 4:45 pm
Press Release: New Zealand Government
6 April 2005 Media Statement
Charities Commission arrangements agreed
Associate Commerce Minister Judith Tizard and Community and Voluntary Sector Minister Rick Barker today detailed plans for future responsibility for the proposed Charities Commission and its legislation.
From July 1 2005, responsibility for the Charities Commission will transfer from the Ministry of Economic Development to the Department of Internal Affairs (DIA), which reports to Rick Barker as Minister for the Community and Voluntary Sector. "
The Chronicle, 4/5/2005: Nonprofit Abuses Cost Federal Government Billions of Dollars, IRS Chief Tells Senators
The Chronicle, 4/5/2005: Nonprofit Abuses Cost Federal Government Billions of Dollars, IRS Chief Tells Senators: "Nonprofit Abuses Cost Federal Government Billions of Dollars, IRS Chief Tells Senators
By Brad Wolverton
Washington
Abuses by nonprofit groups and donors are costing the federal government about $15-billion a year in lost revenue, Internal Revenue Service commissioner Mark W. Everson told a Senate committee today.
Mr. Everson's remarks came at a Senate Finance Committee hearing on nonprofit abuses that is expected to serve as a prelude to an ambitious legislative package key lawmakers say they plan to introduce later "
By Brad Wolverton
Washington
Abuses by nonprofit groups and donors are costing the federal government about $15-billion a year in lost revenue, Internal Revenue Service commissioner Mark W. Everson told a Senate committee today.
Mr. Everson's remarks came at a Senate Finance Committee hearing on nonprofit abuses that is expected to serve as a prelude to an ambitious legislative package key lawmakers say they plan to introduce later "
USATODAY.com - Charity scams squander public trust
USATODAY.com - Charity scams squander public trust: "Charity scams squander public trust
By Edward Iwata, USA TODAY
Tax scams in the non-profit world are costing the U.S. government $300 billion a year in unpaid taxes and hurting the public's trust in charities, according to lawmakers, regulators and non-profit officials who blasted the abuses and urged reform during a congressional hearing Tuesday.
'More and more, we're seeing that some people view charities and charitable gifts as a chance to help themselves, not others,' said Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, in a statement."
By Edward Iwata, USA TODAY
Tax scams in the non-profit world are costing the U.S. government $300 billion a year in unpaid taxes and hurting the public's trust in charities, according to lawmakers, regulators and non-profit officials who blasted the abuses and urged reform during a congressional hearing Tuesday.
'More and more, we're seeing that some people view charities and charitable gifts as a chance to help themselves, not others,' said Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, in a statement."
Senate Eying Charitable Scams - April 6, 2005 - The New York Sun
Senate Eying Charitable Scams - April 6, 2005 - The New York Sun: "Senate Eying Charitable Scams
BY LUIZA Ch. SAVAGE - Staff Reporter of the Sun
April 6, 2005
WASHINGTON - Reports of elaborate schemes by charities and nonprofit organizations to avoid paying taxes have senators redoubling calls for stronger regulation of the charitable sector.
In one example, drawing the outrage of lawmakers at a Senate Finance Committee hearing, wealthy big-game hunters have reportedly been offsetting the costs of their safaris by donating mounted heads of exotic animals to a Nebraska museum and claiming tax deductions as large as $10,000, or 10 times the market value of the trophies."
BY LUIZA Ch. SAVAGE - Staff Reporter of the Sun
April 6, 2005
WASHINGTON - Reports of elaborate schemes by charities and nonprofit organizations to avoid paying taxes have senators redoubling calls for stronger regulation of the charitable sector.
In one example, drawing the outrage of lawmakers at a Senate Finance Committee hearing, wealthy big-game hunters have reportedly been offsetting the costs of their safaris by donating mounted heads of exotic animals to a Nebraska museum and claiming tax deductions as large as $10,000, or 10 times the market value of the trophies."
A Sharper Eye On Nonprofits (washingtonpost.com)
A Sharper Eye On Nonprofits (washingtonpost.com): "A Sharper Eye On Nonprofits
Senate Panel Examines Ways to Curb Abuses In Giving, Receiving
By Albert B. Crenshaw and Marc Kaufman
Washington Post Staff Writers
Wednesday, April 6, 2005; Page E01
The Senate Finance Committee yesterday listened to a range of suggestions for dealing with the tax cheating that experts say is widespread among charities and other nonprofits.
But even as Chairman Charles E. Grassley (R-Iowa) said he'd like to see the heads of some abusers mounted like big game -- 'figuratively, of course' -- other members of the panel urged caution lest Congress discourage legitimate charitable donations. "
Senate Panel Examines Ways to Curb Abuses In Giving, Receiving
By Albert B. Crenshaw and Marc Kaufman
Washington Post Staff Writers
Wednesday, April 6, 2005; Page E01
The Senate Finance Committee yesterday listened to a range of suggestions for dealing with the tax cheating that experts say is widespread among charities and other nonprofits.
But even as Chairman Charles E. Grassley (R-Iowa) said he'd like to see the heads of some abusers mounted like big game -- 'figuratively, of course' -- other members of the panel urged caution lest Congress discourage legitimate charitable donations. "
The New York Times > National > Official Cites Tax Abuses With Charities
The New York Times > National > Official Cites Tax Abuses With Charities: "Official Cites Tax Abuses With Charities
By STEPHANIE STROM
Published: April 6, 2005
Charities of all types are wittingly and unwittingly being used in tax shelter schemes that cost the government billions of dollars in lost revenue, the tax commissioner, Mark W. Everson, said on Tuesday in a Senate hearing."
By STEPHANIE STROM
Published: April 6, 2005
Charities of all types are wittingly and unwittingly being used in tax shelter schemes that cost the government billions of dollars in lost revenue, the tax commissioner, Mark W. Everson, said on Tuesday in a Senate hearing."
St. Paul Pioneer Press | 04/06/2005 | Hatch urges eye on nonprofits
St. Paul Pioneer Press | 04/06/2005 | Hatch urges eye on nonprofitsHatch urges eye on nonprofits
Minnesota AG testifies before Senate panel
BY CHARLES HOMANS
Washington Correspondent
WASHINGTON — Minnesota Attorney General Mike Hatch took his crusade against financial misbehavior at nonprofit health groups to Washington on Tuesday, testifying at a U.S. Senate committee hearing that the federal government should turn a watchful eye toward tax-exempt organizations.
Hatch and other panel members convened by the Senate Finance Committee, including Internal Revenue Service Commissioner Mark Everson and former White House Chief of Staff Leon Panetta, contended that nonprofit organizations have changed dramatically in the past several decades, while the laws regulating them have not.
Minnesota AG testifies before Senate panel
BY CHARLES HOMANS
Washington Correspondent
WASHINGTON — Minnesota Attorney General Mike Hatch took his crusade against financial misbehavior at nonprofit health groups to Washington on Tuesday, testifying at a U.S. Senate committee hearing that the federal government should turn a watchful eye toward tax-exempt organizations.
Hatch and other panel members convened by the Senate Finance Committee, including Internal Revenue Service Commissioner Mark Everson and former White House Chief of Staff Leon Panetta, contended that nonprofit organizations have changed dramatically in the past several decades, while the laws regulating them have not.
Tuesday, April 05, 2005
Chicago Tribune | Reforms of charities and charitable giving could change the game
Chicago Tribune | Reforms of charities and charitable giving could change the game: "Reforms of charities and charitable giving could change the game
BY CHARLES STORCH
Published April 4, 2005
Goodwill Industries International Inc. representatives are expected to be paying 'clothes' attention when the Senate Finance Committee holds hearings, scheduled for Tuesday, on proposed reforms of charities and charitable giving, including non-cash donations of personal property."
BY CHARLES STORCH
Published April 4, 2005
Goodwill Industries International Inc. representatives are expected to be paying 'clothes' attention when the Senate Finance Committee holds hearings, scheduled for Tuesday, on proposed reforms of charities and charitable giving, including non-cash donations of personal property."
Alliance for Charitable Reform Urges Senate Not to Restrict Work of Charitable Foundations
Press Release
Alliance for Charitable Reform Urges Senate Not to Restrict Work of Charitable Foundations: "Alliance for Charitable Reform Urges Senate Not to Restrict Work of Charitable Foundations
WASHINGTON--(BUSINESS WIRE)--April 5, 2005--At the Senate Finance Committee's hearing on 'Charities and Charitable Giving: Proposals for Reform' on Tuesday April 5, the Alliance for Charitable Reform (ACR) called for increased penalties for those who break the law and for better enforcement of existing laws. ACR urged Congress to proceed with caution and to be mindful of the important work done by America's charitable foundations in communities across the country.
The Alliance for Charitable Reform, founded under the auspices of The Philanthropy Roundtable, is dedicated to the preservation and expansion of philanthropy through charitable organizations."
Alliance for Charitable Reform Urges Senate Not to Restrict Work of Charitable Foundations: "Alliance for Charitable Reform Urges Senate Not to Restrict Work of Charitable Foundations
WASHINGTON--(BUSINESS WIRE)--April 5, 2005--At the Senate Finance Committee's hearing on 'Charities and Charitable Giving: Proposals for Reform' on Tuesday April 5, the Alliance for Charitable Reform (ACR) called for increased penalties for those who break the law and for better enforcement of existing laws. ACR urged Congress to proceed with caution and to be mindful of the important work done by America's charitable foundations in communities across the country.
The Alliance for Charitable Reform, founded under the auspices of The Philanthropy Roundtable, is dedicated to the preservation and expansion of philanthropy through charitable organizations."
2 lawyers to testify on charity regulations - Monday, 04/04/05
2 lawyers to testify on charity regulations - Monday, 04/04/05: "2 lawyers to testify on charity regulations
By JAY HAMBURG
Staff Writer
When the U.S. Senate Finance Committee convenes tomorrow to discuss past abuses and possible new regulations for charities, two Nashville lawyers will be there to submit written and oral testimony.
The lawyers, Richard Johnson and Joseph Woodruff, also are part of the ongoing battle to bring the $100 million Maddox Foundation back from Mississippi to its original home in Middle Tennessee.
''They want a real-world example against which the reforms they propose can be compared,'' Woodruff said."
By JAY HAMBURG
Staff Writer
When the U.S. Senate Finance Committee convenes tomorrow to discuss past abuses and possible new regulations for charities, two Nashville lawyers will be there to submit written and oral testimony.
The lawyers, Richard Johnson and Joseph Woodruff, also are part of the ongoing battle to bring the $100 million Maddox Foundation back from Mississippi to its original home in Middle Tennessee.
''They want a real-world example against which the reforms they propose can be compared,'' Woodruff said."
Forbes.com: Holding NGOs Accountable
Forbes.com: Holding NGOs Accountable: "Holding NGOs Accountable
Oxford Analytica, 04.05.05, 6:00 AM ET
Non-governmental organizations raise billions of dollars each year from individuals, private and public sector donors and charitable foundations, including $8 billion so far for the recent tsunami relief. However, there is no accepted benchmark for evaluating the effectiveness of NGOs in their stated missions. Nor are NGOs subject to the same standards of budgetary and governance oversight as listed companies or government officials in democratic states.
This article is part of Oxford Analytica's Daily Brief Service. Click here for information about how to subscribe.
NGOs constitute the not-for-profit (NFP) sector of international civil society and include advocacy and lobbying groups, for causes such as women's rights and the environment; service organizations for disaster relief, humanitarian aid and economic development; and policy institutes, think tanks and specialized educational organizations focused on international affai"
Oxford Analytica, 04.05.05, 6:00 AM ET
Non-governmental organizations raise billions of dollars each year from individuals, private and public sector donors and charitable foundations, including $8 billion so far for the recent tsunami relief. However, there is no accepted benchmark for evaluating the effectiveness of NGOs in their stated missions. Nor are NGOs subject to the same standards of budgetary and governance oversight as listed companies or government officials in democratic states.
This article is part of Oxford Analytica's Daily Brief Service. Click here for information about how to subscribe.
NGOs constitute the not-for-profit (NFP) sector of international civil society and include advocacy and lobbying groups, for causes such as women's rights and the environment; service organizations for disaster relief, humanitarian aid and economic development; and policy institutes, think tanks and specialized educational organizations focused on international affai"
Big-Game Hunting Brings Big Tax Breaks (washingtonpost.com)
Big-Game Hunting Brings Big Tax Breaks (washingtonpost.com): "Big-Game Hunting Brings Big Tax Breaks
Trophy Donations Raise Questions in Congress
By Marc Kaufman
Washington Post Staff Writer
Tuesday, April 5, 2005; Page A01
GERING, Neb. -- The ibex head was jammed next to the moose, whose velvety antlers brushed against a rare red lechwe and an African bongo. Below them were several preserved bobcats, and at the far end of the storage container stood endangered leopards, frozen in lifelike mid-prowl.
In all, there were more than 800 big-game and exotic animals piled into an old railroad car behind the Wyobraska Wildlife Museum, a modest and lightly visited facility here, far from any population center. It was just one of four large containers packed with animal mounts and skins -- trophies shot on expedition or safari to places such as South Africa, Mongolia and game-hunting parks in Texas. "
Trophy Donations Raise Questions in Congress
By Marc Kaufman
Washington Post Staff Writer
Tuesday, April 5, 2005; Page A01
GERING, Neb. -- The ibex head was jammed next to the moose, whose velvety antlers brushed against a rare red lechwe and an African bongo. Below them were several preserved bobcats, and at the far end of the storage container stood endangered leopards, frozen in lifelike mid-prowl.
In all, there were more than 800 big-game and exotic animals piled into an old railroad car behind the Wyobraska Wildlife Museum, a modest and lightly visited facility here, far from any population center. It was just one of four large containers packed with animal mounts and skins -- trophies shot on expedition or safari to places such as South Africa, Mongolia and game-hunting parks in Texas. "
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