WASHINGTON, DC -- Connecticut tax professionals are warning clients that the IRS may not let them keep benefits from a state program designed to ease the pain of the tax law’s cap on state and local deductions.
HARTFORD, CT -- The state’s child care subsidy program, Care 4 Kids, has received a long-awaited boost that will raise the reimbursement rates for children served under the program for the first time in 17 years.
NEW YORK, NY -- The state attorneys general of New York, New Jersey and Connecticut joined forces Wednesday, filing a new lawsuit against the Internal Revenue Service over a rule banning charitable contributions to state and local governments in exchange for tax write-offs.
HARTFORD, CT -- As the governor and legislators negotiate a bond package to be considered in the upcoming special legislative session, they are considering not funding the grant program this year. Not funding the grant program would mean that while the state is generating a massive surplus for this fiscal year, as much as $1.6 billion, we would still cut assistance to community nonprofits that provide substance abuse and mental health services, house the homeless, provide residential and day programs for people with developmental disabilities, help people re-enter the community from prison, and promote arts and cultural programs that keep our communities vibrant, to name just a few of the vital programs nonprofits provide.
HARTFORD, CT -- In CCP's latest Policy Update, we'd like to update you on the State Budget, 2020 Census, and federal issues such as unrelated business tax, SALT workarounds, and a new charity bill. You can also find a link to our newest report: Response to Financial Challenges: Funder - Nonprofit Survey, and information on the public-private partnership between the State of Connecticut and the Dalio Philanthropies.
HARTFORD, CT -- Senate bills 931, 933, and 934 seek to ensure that affordability and accessibility do not stand in the way of families looking to provide this basic resource for their children.