Earlier in November (11/16) the US House voted to pass HR 1, the tax reform bill. The latest analysis of the bill estimates that charities, including nonprofit arts organizations, could see a loss of up to $20 billion annually under the House bill. The Senate Finance Committee’s version also includes the same restriction on the charitable tax deduction.
Take two minutes now to contact your member of Congress at this key point in the process and ask for support for a universal charitable deduction and the Universal Charitable Giving Act (S.2123/HR 3988).
Time is of the essence as the tax reform bill will move quickly with a goal of passage before Congress adjourns for the holiday break.