Non-Profit Times - Advertising Information: "Breaking News
Senate Finance Committee Approves Charitable Reform Bill
Charitable reform legislation has moved out the Senate Finance Committee by a vote of 14-6 and is headed for the full Senate. It’s a good news/bad news scenarios for charities. It could go to the full Senate as early as today (Nov. 16).
The good news is that the legislation includes provisions for tax deduction for non-itemizers and changes to allow IRA rollovers to nonprofits. The bad news is changes to how non-cash gifts will be valued, how charities account for property received and the receipting process."
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