A bipartisan group of senators introduced legislation this week to expand a tax break for charitable giving to encourage taxpayers to donate to nonprofit organizations impacted by the COVID-19 pandemic. The Universal Giving Pandemic Response Act, introduced by Senators James Lankford (R-OK), Chris Coons (D-DE), Mike Lee (R-UT), Jeanne Shaheen (D-NH), Tim Scott (R-SC) and… Read more »

Though DC Mayor Muriel Bowser has unveiled a balanced budget that would invest in core services like housing, healthcare and education without raising taxes, the DC Council is considering proposals to raise taxes on individuals and businesses anyway to cover new spending projects. The DC Council’s Budget Oversight Committee held a hearing June 17 to… Read more »

ASAE filed comments with the Federal Reserve this week requesting expansion of the Main Street Lending Program to include 501(c)(6) associations in addition to nonprofit groups. The Main Street Lending Program, created to assist companies that were financially solvent before the coronavirus pandemic but now may need financing to maintain payroll and basic operations, will… Read more »

The deadline to join ASAE’s community sign-on letter requesting assistance for associations impacted by the COVID-19 pandemic has been extended to Monday, June 29. Click here to add your organization’s name to the letter. More than 1,500 associations have already joined the letter, which calls for 501(c)(6) associations to be eligible for the Paycheck Protection… Read more »

The U.S. government has withdrawn from months-long international negotiations on a digital tax deal that Trump administration officials believe would unfairly target large U.S.-based tech companies. The Organization for Economic Cooperation and Development (OECD) has been trying to reach agreement among nearly 140 countries on a global tax overhaul to address how “consumer-facing” digital giants… Read more »