Tax and Regulatory Issues

Tuesday, November 28, 2017
CT Nonprofits Fear GOP Tax Overhaul Will Reduce Charitable Giving

WASHGINGTON, DC -- Both the tax bill the Senate hopes to vote on this week and a House-passed tax overhaul would keep the popular charitable deduction, but non-profits say the legislation still would shrink American help to those in need. CT Community Nonprofit Alliance President Gian-Carl Casa says the bills would “devastate” the state’s community based non-profits.

Friday, November 3, 2017
Newman's Own Foundation Buoyed by Tax Bill's Rescue Provision

WASHINGTON, DC -- The president and CEO of Newman’s Own Foundation has lobbied for six years to save his foundation from a 200 percent tax, but didn’t know until Nov. 2 that the provision had been included in the House GOP tax bill. The foundation would be hit with the 200 percent tax in 2018 unless it has divested, but would be spared if the House Ways and Means Committee bill provision—which would exempt private foundations from the penalty if they meet certain requirements—is enacted.

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.

Tuesday, March 21, 2017
Philanthropy Leaders Urge Congress to Strengthen Charitable Giving

WASHINGTON, DC — More than 250 philanthropy leaders from across the nation, including five representing Connecticut philanthropy, are gathering on Capitol Hill starting today to urge lawmakers to value and strengthen charitable giving in America. Their meetings are part of Foundations on the Hill, a multi-day event presented by the Forum of Regional Associations of Grantmakers in partnership with the Council on Foundations and the Alliance for Charitable Reform.