Senate-passed care act includes several provisions notable to associations. (Headlines).The Senate has passed charitable giving legislation containing more than $12.3 billion in tax relief but excluding several contentious provisions dealing with faith-based charities receiving federal grants. The following provisions are notable for associations: * Deductibility of charitable contributions charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. by non-itemizers (an ASAE-backed provision). * Tax-free rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. of charitable donations from individual retirement accounts. * Increased oversight
Oversight may refer to:
* Simplification of record keeping relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the lobbying expenditures of charities. * Modification of the "control test" for certain controlled subsidiaries--a change, supported by ASAE ASAE American Society of Association Executives ASAE American Society of Agricultural Engineers (Society for Engineering in Agricultural, Food, and Biological Systems) ASAE Alkali-Sulfite-Anthraquinone-Ethanol , which would essentially reverse a 1997 tax law change that adversely affected numerous associations. For a full summary of the legislation, visit www.asaenet.org/policy. Or, contact ASAE's Public Policy Division at 202-626-2703. |
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