Congressional tax overhaul spurs exemption status concerns
- May 3, 2013 |
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As Ways and Means working group studies the issue, some are worried that changes could be slipped into final House legislation Is the tax-exempt status for associations and nonprofits in jeopardy? It's a concern that has been raised by some in the association sector for years, and it is now being raised again, as Congress drafts measures for tax overhaul. The House Ways and Means Committee has set up 11 working groups to accept feedback on different aspects of the overhaul. One of those, the Charitable/Exempt Organizations Tax Reform Working Group, is studying the tax-exempt sector; the working group is chaired by Rep. Dave Reichert (D-Calif.). "We must develop a plan for… Read More
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