Tax and Regulatory Issues

Tuesday, May 23, 2017
Lawmakers, Leave the Johnson Amendment Alone

HARTFORD, CT -- A reprinted letter on behalf of the CCP board and signed by Judith Meyers, CCP Board Chair, and Frances Padilla, CCP Chair of the Government Relations and Policy Committee, expressing CCP's strong opposition to legislation that would repeal the Johnson Amendment, was published in the CT Mirror's CT ViewPoints.

Friday, May 19, 2017
Inside The Growing Business Trend Of Giving All Your Profits Away

WESTPORT, CT -- Newman’s Own pioneered the idea of a philanthropic enterprise. Now, it’s helping to coalesce a new movement. The article also describes the Philanthropic Enterpise Act, written by the Joint Committee on Taxation, which would keep the current charitable abuse standards intact while formalizing the foundation’s existing way to earn money solely for charitable good.

Friday, April 21, 2017
CCP Policy Update - April 21, 2017

HARTFORD, CT -- The Connecticut Council for Philanthropy's public policy update from April 21, 2017 includes information H.B. No. 7322 with a provision to repeal exemption of nonprofits from the sales tax.

Wednesday, April 19, 2017
Finance Panel Eyes Ending Sales Tax Exemption for Nonprofits

HARTFORD, CT -- Keith Phaneuf of The Connecticut Mirror, reviews the state's current tax plans. The legislature's tax-writing panel is considering a measure that would repeal the sales tax exemption on goods and services sold to nonprofits — a provision that saves these entities more than $200 million per year. Democratic leaders of the Finance, Revenue and Bonding Committee said this proposal, which will go to a public hearing next week, is part of an ongoing exploration of possible widening of Connecticut’s sales tax base.