On July 3, the House of Representatives approved “The One Big Beautiful Bill Act” as approved two days earlier by the Senate. The final version of the bill contains several provisions relevant to tax-exempt organizations. The...more
7/7/2025
/ Charitable Donations ,
Charitable Organizations ,
Colleges ,
Educational Institutions ,
Endowment Funds ,
Excise Tax ,
Executive Compensation ,
New Legislation ,
Nonprofits ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Universities
On July 1, the Senate approved its version of “The One Big Beautiful Bill Act,” containing several provisions relevant to tax-exempt organizations. Importantly, certain proposed amendments contained in draft legislation...more
7/3/2025
/ Charitable Deductions ,
Charitable Organizations ,
Colleges ,
Educational Institutions ,
Endowment Funds ,
Excise Tax ,
Executive Compensation ,
New Legislation ,
Nonprofits ,
Tax Rates ,
Tax Reform ,
Universities
On June 16, the Senate Finance Committee released its draft portions of “The One Big Beautiful Bill Act,” following passage by the House of its version of the bill on May 22. Like the House bill, the Senate proposal includes...more
6/19/2025
/ 501(c)(3) ,
Charitable Deductions ,
Charitable Organizations ,
Colleges ,
Educational Institutions ,
Excise Tax ,
Executive Compensation ,
Proposed Legislation ,
Senate Finance Committee ,
Tax Exempt Entities ,
Tax Legislation ,
Tax Rates ,
Tax Reform ,
Universities
On May 12, the House Ways and Means Committee released its draft portions of “The One Big Beautiful Bill,” the expected tax package intended to extend expiring provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) and to...more
5/14/2025
/ Charitable Organizations ,
Colleges ,
Educational Institutions ,
Executive Compensation ,
Private Foundations ,
Proposed Legislation ,
Tax Cuts and Jobs Act ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
Universities ,
Ways and Means Committee