In This Week's Edition of Snapshot Tax Bill Proceeds to Conference Committee Congress Faces Deadline to Avoid a Government Shutdown IRS Requests Comments for Certain Situations Involving DAFs In the States: Governors, Legislatures Struggle to Close Budget Gaps, Illinois Improves Government-…

In This Week's Edition of Snapshot Tax Reform Update: Budget Consideration Maintains Tax Reform Momentum HHS Secretary Price Resigns IRS Changes 1023-EZ Form In the States: Oregon Supreme Court Upholds Portland Arts Tax News from the Hill So, What's Up with Tax Reform? In the coming months…

In This Week's Edition of Snapshot Tax Reform Update: Tax reform faces competing legislative priorities Move to weaken the Johnson Amendment advances in the House, NASCO speaks out Kautter confirmed for key Treasury position IRS takes steps to encourage charitable giving in the wake of…

In This Week's Edition of Snapshot… Tax Reform Update: Senate begins debate on health care, tax reform continues moving forward Update on Treasury personnel President Trump issues EO for Commerce Department In the States: State budgets remain in flux, NYC arts funding plan to promote diversity…

In This Week's Edition of Snapshot… Tax Reform Update: Ways and Means Committee holds hearings, Senate gears up for tax reform Assistant Secretary for Tax Policy named Hearing on IRS reform scheduled for tomorrow In the States: state budgets passing but on shaky footing; Mainers seek block…

In This Week's Edition of Snapshot… Tax Reform Update: Health care legislation passed the House — so what now for tax reform? Private foundation excise tax simplification bill introduced in House House Set to Hold Hearings on Tax Reform and IRS Reform FBI Director, Census Director Are Out…

In this Week’s Edition of Snapshot… Tax Reform Update: House Republicans face growing opposition to border adjustability Charitable Giving Coalition Spends Day Fighting for the Charitable Deduction on Capitol Hill IRS makes 1023-EZ data available online In the States: State budgets (in brief…

In this Week’s Edition of Snapshot… Tax Reform Update: Mnuchin confirmed as Treasury Secretary, Bishop named to Ways & Means, Trump Administration working on a tax overhaul plan, Congress aims to keep the train on track IRS seeks to understand how the regulatory ban will impact its work…

In this Week's Edition of Snapshot... Senate Finance Committee considers Mnuchin for Treasury Secretary Trump butts heads with House Republicans on key tax reform issue Council sends letter from Vikki to every Congressional office IRS issues guidance on rules for private foundation…

In this Week's Edition of Snapshot... Ways & Means to hold hearing on changes to committee rules Senate sets deadline to repeal ACA, move closer to tax reform Treasury requests input on guidance for tax-exempt leases How Philanthropic is the Trump Cabinet? In the States: State…

News from the Hill Update on Republican Blueprint for Tax Reform In June 2016, House Republicans unveiled a blueprint for tax reform. This week, they released a new video to promote and explain the plan. Barbara Angus, chief tax counsel for the majority on the House Ways and Means Committee,…

After meeting with senior officials at the Department of Treasury, the Council submitted a letter on October 21, 2016 to Elinor Ramey, Attorney Advisor in the Office of Tax Policy regarding private foundations and how they may use donor advised funds (“DAFs”) to further their grantmaking activity.…

News from the Hill Dynamic Scoring Released for Clinton, Trump Tax Plans This week, the Tax Policy Center released updated analyses of the Hillary Clinton and Donald Trump plans—factoring in new dynamic scoring calculations that account for the macroeconomic effects of both plans. According to the…

News from the Hill Bill to Delay Overtime Regulations Passes the House Last week, we reported that the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act (HR. 6094) was introduced to delay the Department of Labor (DOL) overtime rules from taking effect until June 1, 2017. Late…

News from the Hill Ways & Means Subcommittee Holds Hearing on University Endowments As our readers will recall, we reported last week that the Ways and Means Oversight Subcommittee was set to hold a hearing to scrutinize college and university endowments this week. The hearing, featuring…

Executive & Regulatory News IRS Releases 2016-17 Priority Guidance Plan Last week, the Department of Treasury released its priority guidance plan for 2016–2017. The priority guidance plan identifies and prioritizes tax issues that the agency aims to address through regulations or revenue…