< 1 min read

Those who had been in limbo over charitable tax breaks will celebrate Friday when the House votes on a bill that will make a number of the charitable benefits permanent.

"Charities and donors have been in limbo, waiting for Congress to decide whether to renew expired tax laws that help funnel more to charity. In a midnight deal House Republicans have put together a spending and tax law package that includes making many items on the charities’ wish list permanent –and retroactive to Jan. 1, 2015. The House vote should come Friday. It appears that Republican leaders believe it will pass with or without Democratic votes, and that they have assurances from both the White House and Senate Democrats that they will support it, says Russ Shay, director of public policy at the Land Trust Alliance."--Ashlea Ebeling, Forbes

Leave a Reply

Your email address will not be published.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