NEW HAVEN, CT -- The legislature's tax-writing committee Thursday approved a bill that would allow New Haven to begin taxing commercial property owned by Yale, but let die a controversial bill backed by the leader of the state Senate that would have allowed the state to tax the earnings of the Ivy League university's multi-billion-dollar endowment. Yale has opposed both bills.
NEW HAVEN, CT -- New Haven Register chimes in on the proposed SB 413 bill that would levy an unrelated business income tax on increases to higher education endowments that exceed $10 billion and targets Yale University.
HARTFORD, CT -- The Public Policy Update for March 2016 features National and State updates on issues important to philanthropy including the Foundation on the Hill, the Working Cities Challenge - Connecticut, CT Budget Focus and Proposed Bills Taxing Nonprofits.
NEW HAVEN, CT -- Will Ginsberg, president & CEO of The Community Foundation for Greater New Haven, writes to CT State Senator for the 11th District, Martin Looney, and CT State Representative for the 96th District, Roland Lemar, about his concerns with the State Legislature's proposed bill SB413.
HARTFORD, CT -- Connecticut will join Massachusetts and Rhode Island in the Federal Reserve Bank of Boston's Working Cities Challenge competition aimed at sparking cross-sector collaboration and leadership to solve challenges affecting urban communities. Among the Connecticut nonprofits and companies supporting the effort are: United Illuminating; Stanley Black & Decker; Boehringer Ingelheim; Travelers The Hartford Foundation for Public Giving; Webster Bank; Eversource Energy; Liberty Bank Foundation; Hartford HealthCare; Barnes Group; Hoffman BMW of Watertown/Hoffman Auto Group; United Technologies Corp.; Charter Communications; and Fairfield County's Community Foundation.
NEW HAVEN, CT -- An op-ed by Noah Feldman, a Bloomberg View columnist and professor of constitutional and international law at Harvard on Connecticut's proposed legislation that would tax Yale University's $25.6 billion endowment. "The Connecticut bill almost certainly violates the holding in the 1819 case of Dartmouth College v. Woodward, which established that the Constitution bars states from changing a university's charter. The proposed Connecticut bill would seem to violate Yale's constitutional rights."