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On May 17, a bipartisan group of House members introduced the House version of the Universal Charitable Deduction legislation. The group, led by Representative Blake Moore (R-UT), also included Representatives Chris Pappas (D-NH), Michelle Steel (R-CA), and Danny Davis (D-IL). Their legislation H.R. 3435, the Charitable Act, is identical in language to the companion Senate bill S. 566, also named the Charitable Act, which was introduced on February 28 by Senators James Lankford (R-OK) and Chris Coons (D-DE).
The Nonprofit Alliance (TNPA) is particularly pleased with the introduction of the House bill, given that three of the original cosponsors serve on the committee of jurisdiction — the House Ways and Means Committee...
TNPA hosted another of its Capitol Hill Days on Wednesday, April 19, 2023. This one was once again virtual, but our next in the summer will be an in-person event with TNPA members flying in for a day of meetings on Capitol Hill.
The two centerpiece meetings of the day were with our champions on the Universal Charitable Deduction issue, Senators James Lankford (R-OK) and Chris Coons (D-DE).
On February 28, Senators James Lankford (R-OK) and Chris Coons (D-DE) introduced their Universal Charitable Deduction legislation, S. 566. The bill was renamed from the previous "The Universal Giving and Pandemic Response and Recovery Act" to simply "The Charitable Act."
The Universal Charitable Deduction of $600 for married couples filing jointly and $300 for individual tax filers expired on December 31, 2021.
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.
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).
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....
Congress Will Return Mid-November for a Lame Duck Session | Congress is currently in adjournment allowing members of Congress to go home to campaign for the November elections. When Congress returns in mid-November for its post-election lame duck session, it has the immediate task of passing a funding resolution to keep the government running. The current funding authority expires December 16....