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New Law Impacts Nonprofits and Foundations

New legislation signed into law last month as part of a spending bill repeals the nonprofit parking tax, simplifies the private foundation excise tax on investment income, and provides special treatment for disaster relief donations to public charities.

Read the full article here* and please reach out to us with any questions.

*The Act referred to in the article was merged into H.R. 1865, Further Consolidated Appropriations Act, 2020.

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