WASHINGTON, DC -- The National Council of Nonprofits reports that late last Friday, President Obama signed into law bipartisan legislation that funds the government through the current fiscal year (until September 30, 2016) and changes a significant number of tax provisions. Three charitable giving incentives are restored and made permanent in the tax portion of the law, originally titled the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).
WASHINGTON, DC -- Congress has passed a bill that makes the IRA charitable rollover and two other charitable giving incentives permanent. The Protecting Americans From Tax Hikes Act of 2015, which passed the House of Representatives on Thursday, 318-109, makes permanent charitable deductions for donations made directly from individual retirement accounts and provides enhanced deductions for donations of food to foodbanks and donations of land for conservation purposes. The Senate approved the provisions on Friday as part of a combined omnibus spending and tax extenders package.
WASHINGTON, DC -- US Reps. John Larson, Elizabeth Esty, Rosa DeLauro and Joe Courtney split from their party leaders Thursday in voting for a tax package that would make permanent a research and development tax break benefiting many Connecticut companies and tax credits to help low-income families. The PATH Act would also make the IRA Charitable Rollover and two other charitable giving incentives permanent law.
WASHINGTON, DC -- U.S. Rep. Jim Himes was the only member of Connecticut’s delegation Thursday to vote with his party’s leadership against a tax package. U.S. Reps. John B. Larson, Elizabeth Esty, Rosa DeLauro, and Joe Courtney voted in favor of the package, which makes permanent a child tax credit and tax credits to help low-income families.
WASHINGTON, DC -- U.S. Secretary of Education Arne Duncan announced today that 18 states, including Connecticut, will receive second year awards under the Preschool Development Grant program to continue their work in expanding access to high-quality preschool for all children. Expanding access to high-quality preschool is critically important to ensuring that every child in America has the opportunity for lifelong success. This grant program will support building and expanding high-quality preschool in 250 high-need communities across 18 states that span the geographic and political spectrum. This fall, more than 33,000 children from low- to moderate-income families had the chance to start school in a high-quality preschool because of the grants. These second year awards being announced today will enable another 41,000 children in the 18 grantee states the strong start they need for success in school and in life.
HARTFORD, CT -- A new report by the American Association of Retired Persons estimates that Connecticut family caregivers provided a cumulative total of $5.93 billion in unpaid care services to their adult loved ones in 2013. That same year, 459,000 family caregivers in Connecticut spent 427 million hours caring for their relatives and close friends, helping with daily activities such as bathing or dressing, preparing meals, driving to appointments, and various other tasks.