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 at https://www.venable.com/insights/publications/2019/12/congress-repeals-nonprofit-parking-tax-simplifies 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.

Did you find it useful?

SHARE IT

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top