The Council on Foundations, Independent Sector, National Council of Nonprofits, and United Philanthropy Forum are pleased that lawmakers have now struck harmful language from the budget reconciliation legislation that would have allowed the Secretary of the Treasury to…

Congress should protect philanthropy’s ability to support causes from food pantries to disaster relief. Today, House Republicans released the updated text of a tax package, which includes a proposed increase in the excise tax on net investment income for private foundations. In addition to a…

The Council on Foundations, Independent Sector, National Council of Nonprofits, and United Philanthropy Forum express our opposition to Section 4 of H.R.9495 and its predecessor, H.R.6408. We have no opposition to the provision in the bill postponing tax deadlines for those unlawfully or wrongfully…

In This Week's Edition of Snapshot... The White House House Committees’ Infrastructure Principles Unveiled House Ways and Means Committee House Energy and Commerce Committee Department of Treasury Department of Health and Human Services Department of Agriculture Department of Homeland…

In This Week's Edition of Snapshot... Earmarks Making a Return to the House? Congressional Budget Office The White House Department of Health and Human Services Department of Commerce Department of Education Department of Energy Happening in the States News from the Hill The Senate was…

In This Week's Edition of Snapshot... House Ways and Means Committee Revisiting Opportunity Zones Designations? Department of Treasury The Federal Reserve Department of Commerce Department of Housing and Urban Development Department of Transportation Happening in the States  …

In This Week's Edition of Snapshot... 2021 Budget Talks…already. Expiring Federal Tax Provisions New Reports from the Congressional Budget Office Legislative History of the Charitable Deduction Available Executive Branch and Regulatory Affairs Happening in the States News from the Hill…

In This Week's Edition of Snapshot... Private Foundation Excise Tax Taxpayer Certainty and Disaster Relief Tax Act of 2019 UBIT Refunds Congressional Ties to Education President’s 2021 Budget  Executive Branch and Regulatory Affairs Happening in the States From the Council's…

Note: Snapshot will take a holiday break from December 20 until the new session of Congress commences the week of January 7. In This Week's Edition of Snapshot... A 2020 Federal Budget in Sight Tax Extenders Prospect Dimming for 2019 Passage  SALT Deduction Limit Suspension Cleared for…

HAPPY THANKSGIVING TO COUNCIL MEMBERS AND OUR READERS! Note: Snapshot will not be published next week. We will recommence when Congress returns from the Thanksgiving Recess on December 2. In This Week's Edition of Snapshot... Stopgap Spending Bill Passed…Back Again on December 20 More Tax…

In This Week's Edition of Snapshot... Philanthropic Organizations Push Simplification of the Private Foundation Excise Tax A Rollback of the SALT Cap? Tax Extender Package May Pass but Won’t be Permanent Still Hammering out the Government Funding Bill Antidote for High Tensions on Capitol…

In This Week's Edition of Snapshot... Congressional Calendar Getting Federal Appropriations Back on Track… Again Senate Budget Committee Bi-Partisan Bill to Reform Federal Budgeting Process Joint Economic Committee Report: Reforming the Charitable Deduction Opportunity Zones Continue to…

In This Week's Edition of Snapshot... Another Government Shutdown? House Education and Labor Committee Approves Higher Education Overhaul Ways and Means Committee Closed-Door Meeting on Opportunity Zones Treasury Department Announces New Opportunity Zone Reporting Requirements 2019 National…

Welcome back! After a brief hiatus, SNAPSHOT returns! In This Week's Edition of Snapshot... Senate Votes on States Efforts to Address Tax Law Caps Congress Must Approve Budget Extension Before Nov. 21 Senate Votes on Bid to Block SALT Cap Regulations Another Government Funding Countdown?…

Please note, we will take a break from publishing Washington Snapshot while Congress is on recess from April 15-26, as well as during the week of the Leading Together 2019 Conference. Our next edition is scheduled for May 9. However, if any important executive or regulatory developments occur, we…

In This Week's Edition of Snapshot… Senators Ask Treasury for UBIT Delay Chairman Brady Releases Lame Duck Tax Package Congress Faces Dec. 7 Deadline to Pass Spending Legislation Sen. Grassley Chooses Finance Gavel Cindy Hyde-Smith Wins Election in Mississippi State Spending Trends Analyzed…