Last week, on February 28, 2023, Senators James Lankford (R-OK) and Chris Coons (D-DE)introduced S. 566, The Charitable Act. The Senators' legislation is the latest step on the long journey of the Universal Charitable Deduction, which expired over a year ago on December 31, 2021.
Tomorrow Senators James Lankford (R-OK) and Chris Coons (D-DE) will introduce legislation to restore and expand the non-itemizer charitable tax deduction - also known as the Universal Charitable Deduction. This legislation is intended to restore the Universal Charitable Deduction of $600 for married couples filing jointly and $300 for single tax filers that expired on December 31, 2021.
The Nonprofit Alliance has worked closely with Senator Susan Collins of Maine. We know her best for her leadership alongside Senators James Lankford (R-OK) and Chris Coons (D-DE) on legislation to create a Universal Charitable Deduction open to all taxpayers, regardless of their level of income when supporting 501(c)3 charitable causes. This important legislation expired at the end of 2021, but will be re-introduced on Wednesday and Senator Collins will again be active in supporting this measure.
Now that the 118th Congress is sworn in, the legislative work begins! TNPA is here to guide and shape the policies that matter to the nonprofit sector. Your membership supports that. You can get involved and make TNPA’s voice and impact even stronger. We have a variety of options for you to not only help the nonprofit sector, but also network with interesting people and have some fun!
As the new Congress convened the first week of January, from the very outset, the many challenges facing the House of Representatives as to how it would move forward on legislation became immediately apparent. The long battle to elect Kevin McCarthy (R-CA) as Speaker, which took 15 ballots — the most ballots to elect a Speaker since 1923, 100 years ago — was a microcosm of how fractious and complicated moving legislation in the House will be during this two-year 118th Congress.
On December 29, the President signed into law the Consolidated Appropriations Act of 2023, which included the SECURE 2.0 Act of 2022 (“SECURE 2.0”). SECURE 2.0 contains dozens of provisions aimed at encouraging additional retirement savings among Americans. We are excited to share that among SECURE 2.0’s provisions is a modified version of the Legacy IRA Act which will incentivize more charitable giving from seniors (Section 307).
2022 was a big year at TNPA! From new staff to new initiatives and returning to in-person convenings to creating even more virtual opportunities. We are excited about how far we have all made it together as a sector and look forward to doing even more together in 2023.
Congress Heads Toward Adjournment for the Year | On December 15, Congress passed a short-term funding resolution to continue funding the federal government through December 23, and now, just this morning, Congress introduced a bill to fully fund the government for the remainder of the fiscal year (until September 30, 2023). This year's lame duck session has been pushed unusually close to Christmas! We'll all be watching carefully as Congress votes on this budget and officially closes out the 117th Congress....
There’s an old expression in politics, “If you’re not active at the table, you may find yourself on the menu.” This is just as true for the nonprofit sector as any other part of the American economy. In fact, the expression speaks to much of the momentum which helped launch TNPA in 2018. As a sector, we want to be at the table, not on the menu! Advocacy by individuals in TNPA member organizations is vital to taking advantage of our place at the table. TNPA is your voice advocating for the nonprofit sector on policies and legislation that impact our ability to do our nonprofit work. Yet, that voice is even stronger when you get involved....
TNPA’s Leading EDGE Internship Program is now open for employers to enroll to host an intern next summer 2023. After a successful pilot program over the summer 2022 in Washington, DC, we are excited to expand. Is this program right for you or your organization? How could it fit it into your current employee recruitment plans? To help answer these questions and more, read on for the top 5 reasons to host an intern through TNPA’s Leading EDGE Internship Program....
