Bill 65: Ontario’s nonprofit gamechanger: "This fall, the Ontario charitable sector should know whether the province's Bill 65 — the Not-for-Profit Corporations Act, 2010 — will pass third reading in the legislature and become law.
Currently being evaluated by the province's Standing Committee on Social Policy, the act passed first reading in the Ontario legislature on May 12 and then again in second reading on June 2. The committee has been ordered to report back to the house on Sept. 13 where, according to Stephen Puddister, issues & media relations analyst with the ministry of consumer services, third reading and Royal Assent would follow, 'but timing has not yet been determined.' Proclamation of the new Act, if passed, is anticipated in 2012. [Note: Interested readers can follow the progress of Bill 65 at www.ontla.on.ca]."
Monday, July 19, 2010
Friday, July 16, 2010
Legislature approves harsher penalties for charities that break the law - Quincy, MA - The Patriot Ledger
Legislature approves harsher penalties for charities that break the law - Quincy, MA - The Patriot Ledger: "BOSTON —
Legislation giving the state attorney general more power to deal with scofflaw charities has cleared the Legislature and is awaiting the governor’s signature."
Legislation giving the state attorney general more power to deal with scofflaw charities has cleared the Legislature and is awaiting the governor’s signature."
Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions
Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions: "RS and Treasury Issue Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirement
July 2010
The following discussion is provided for informational purposes only and is not intended to serve as legal or tax advice. For specific information about prohibited tax shelter transactions, consult your attorney or tax advisor.
Reprinted from Exempt Organizations Advisory
[On July 2, 2010], the IRS and Treasury issued final regulations under section 4965 and section 6011(g) relating to entity-level and manager-level excise taxes with respect to prohibited tax shelter transactions to which tax-exempt entities are parties. The final regulations replace proposed regulations that were issued in 2007. The IRS and Treasury also issued final regulations under sections 6011, 6033, and 6071 relating to certain disclosure and return filing obligations with respect to such transactions. The final regulations replace temporary regulations that were issued in 2007. In both cases, the final regulations adopt the earlier regulations with certain minor modifications."
July 2010
The following discussion is provided for informational purposes only and is not intended to serve as legal or tax advice. For specific information about prohibited tax shelter transactions, consult your attorney or tax advisor.
Reprinted from Exempt Organizations Advisory
[On July 2, 2010], the IRS and Treasury issued final regulations under section 4965 and section 6011(g) relating to entity-level and manager-level excise taxes with respect to prohibited tax shelter transactions to which tax-exempt entities are parties. The final regulations replace proposed regulations that were issued in 2007. The IRS and Treasury also issued final regulations under sections 6011, 6033, and 6071 relating to certain disclosure and return filing obligations with respect to such transactions. The final regulations replace temporary regulations that were issued in 2007. In both cases, the final regulations adopt the earlier regulations with certain minor modifications."
Wednesday, July 14, 2010
IRS Issues Exempt Orgs Update | Planned Giving Design Center
IRS Issues Exempt Orgs Update | Planned Giving Design Center: "The IRS has issued its July edition of Exempt Organizations Update. Topics include: 1) IRS Issues Prohibited Tax Shelter Final Regulations; 2) IRS Live: Free Webinar on the Affordable Care Act; 3) Help Wanted: TE/GE Seeks Candidates for Senior Tax Law Specialist Positions; 4) IRS Invites Public Comment on New Reporting of Payments Made in a Trade or Business; and 5) Nine Tax Tips on the Ten Percent Tax on Tanning Services."
Tuesday, July 06, 2010
Municipalities press nonprofits for revenue - Sunday, Jul. 4, 2010
Municipalities press nonprofits for revenue - Sunday, Jul. 4, 2010: "More cities and towns are leaning on tax-exempt organizations -- from small arts groups to large hospitals -- to help balance cash-strapped municipal budgets.
Manchester Mayor Ted Gatsas said 'discussions have started' on the issue, and he plans to study whether all the organizations classified as nonprofit -- and thus generally free from paying local property taxes -- truly meet the definition."
Manchester Mayor Ted Gatsas said 'discussions have started' on the issue, and he plans to study whether all the organizations classified as nonprofit -- and thus generally free from paying local property taxes -- truly meet the definition."
Monday, June 28, 2010
Board Support Is Key to Advocacy Efforts by Nonprofit Groups, Report Says - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Board Support Is Key to Advocacy Efforts by Nonprofit Groups, Report Says - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Board Support Is Key to Advocacy Efforts by Nonprofit Groups, Report Says
By Grant Williams
Greater involvement by nonprofit groups in advocacy and lobbying work will require support from organizations' boards of directors, according to nonprofit leaders in a new report."
By Grant Williams
Greater involvement by nonprofit groups in advocacy and lobbying work will require support from organizations' boards of directors, according to nonprofit leaders in a new report."
Wednesday, June 23, 2010
massnonprofit.org ::
massnonprofit.org ::: "Bill Introduced to Strengthen Ties Between Nonprofits and Feds
June 19, 2010 — A bill was filed in Congress last week aimed at strengthening ties between the nonprofit sector and the federal government by establishing better communication with the federal government, improving coordination within government, and enhancing data collection."
June 19, 2010 — A bill was filed in Congress last week aimed at strengthening ties between the nonprofit sector and the federal government by establishing better communication with the federal government, improving coordination within government, and enhancing data collection."
Monday, June 21, 2010
The NRA and transparency in advertising - Sacramento Opinion - Sacramento Editorial | Sacramento Bee
The NRA and transparency in advertising - Sacramento Opinion - Sacramento Editorial | Sacramento Bee: "Known as the DISCLOSE Act, the legislation is a response to a wrongheaded Supreme Court decision that came down in January allowing corporations to use their treasury funds to sponsor election-related ads. The bill would require corporations, unions, advocacy groups and some nonprofits to disclose the names of their top donors. Also, the top official of those organizations would have to appear in each advertisement and say that he had approved it."
Friday, June 18, 2010
More non-profits win exemption from campaign-finance rules - On Politics: Covering the US Congress, Governors, and the 2010 Election - USATODAY.com
More non-profits win exemption from campaign-finance rules - On Politics: Covering the US Congress, Governors, and the 2010 Election - USATODAY.com: "Top House Democrats agreed today to exclude more non-profit groups from new disclosure requirements to win broader congressional support for a campaign-finance bill, the"
The Nonprofit Quarterly | The Nonprofit Quarterly | Proposed Federal Bill to Focus on the Needs of Nonprofits
The Nonprofit Quarterly | The Nonprofit Quarterly | Proposed Federal Bill to Focus on the Needs of Nonprofits: "About one hundred federal agencies and Congressional committees interact with the nonprofit sector as a chaotic jumble of overlapping and sometimes contradictory interests, priorities, regulations, and objectives. Congresswoman Betty McCollum (D-MN) introduced the Nonprofit Sector and Community Solutions Act as H.R. 5533 Tuesday night to sort it all out and create one forum which pays attention to the issues and interests of nonprofits."
Thursday, June 17, 2010
Nonprofit Advocacy Groups Oppose Campaign-Finance Exemption - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Nonprofit Advocacy Groups Oppose Campaign-Finance Exemption - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Nonprofit Advocacy Groups Oppose Campaign-Finance Exemption
By Suzanne Perry
More than 50 liberal nonprofit advocacy groups have joined forces to fight a proposed exemption to a campaign-finance bill that would benefit large membership organizations like the National Rifle Association."
By Suzanne Perry
More than 50 liberal nonprofit advocacy groups have joined forces to fight a proposed exemption to a campaign-finance bill that would benefit large membership organizations like the National Rifle Association."
Wednesday, June 16, 2010
New Hawaii law creates filing requirements for nonprofits
New Hawaii law creates filing requirements for nonprofits: "A Hawaii law – which is set to take effect on July 1 – could cause many nonprofit organizations to lose their tax-exempt status, according to Pacific Business News.
The paper reports that the new excise tax law requires all businesses and nonprofits – regardless of their tax-exempt status – to register to do business in the state and file state tax returns to claim their exemption. The legislation aims to crack down on some businesses, that officials say are “cheating the system,” by collecting the excise tax from customers and failing to pass that money on to the state."
The paper reports that the new excise tax law requires all businesses and nonprofits – regardless of their tax-exempt status – to register to do business in the state and file state tax returns to claim their exemption. The legislation aims to crack down on some businesses, that officials say are “cheating the system,” by collecting the excise tax from customers and failing to pass that money on to the state."
massnonprofit.org ::-Reports Due for Growing Number of Nonprofit Lobbyists in Mass.
massnonprofit.org ::: "Reports Due for Growing Number of Nonprofit Lobbyists in Mass.
June 16, 2010 — With a July 15 reporting deadline looming, nonprofit staff that have registered as legislative or executive agents under the six-month-old state lobbying regulations are finding their ranks increasing, due in part to demystification of the new rules."
June 16, 2010 — With a July 15 reporting deadline looming, nonprofit staff that have registered as legislative or executive agents under the six-month-old state lobbying regulations are finding their ranks increasing, due in part to demystification of the new rules."
Monday, June 14, 2010
Charity Sues State Over Automated Calls - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Charity Sues State Over Automated Calls - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Charity Sues State Over Automated Calls
A nonprofit veterans’ organization is suing the state of Indiana in federal court, claiming the state’s law banning automated calls violates the group’s right to free speech, says The Indianapolis Star."
A nonprofit veterans’ organization is suing the state of Indiana in federal court, claiming the state’s law banning automated calls violates the group’s right to free speech, says The Indianapolis Star."
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