Tax Provisions for Charitable Arts Organizations PASSED
Thursday, July 17, 2014
It's been a great week on Capitol Hill for the arts!
Today, the U.S. House of Representatives passed a bill 277-130 to make permanent a key tax incentive for charitable giving, the IRA Charitable Rollover. Making this provision permanent has been a key legislative goal of Americans for the Arts for the last decade, as the current cycle of expiration and reinstatement has left many donors unable to maximize their support for charitable work.