Federal Legislation

ACR Blog: ACR To Meet With Lawmakers About Camp Draft

This is the first of a two-part series about the issues ACR members will discuss in meetings with congressional offices on July 8.

Members of the Alliance for Charitable Reform (ACR) leadership team are set to meet with members and staff of the House Ways and Means Committee and the Senate Finance Committee on Tuesday, July 8. The group will discuss some of the charity-related proposals in the tax reform discussion draft released earlier this year by House Ways and Means Chairman Dave Camp (R-MI). ACR thoroughly examined the Camp draft and engaged its members and colleagues in the field for feedback in evaluating these provisions. ACR ultimately identified four that raise serious concerns: three related to the charitable deduction and one related to donor-advised funds. This post will highlight the three provisions related to the charitable deduction.

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ACR News 06.27.14—Tax Reform, Giving USA, Upcoming Interview with Patrick Rooney

>> Federal: Washington Roundup
>> Federal: New Senate Finance Committee Chairman Wyden Holds His First Tax Reform Hearing
>> Federal: Wyden Sets Tax Reform Timeline
>> Federal: Ways and Means Continues Piecemeal Approach
>> Federal: Upcoming ACR Interview with Dr. Patrick Rooney
>> Consider This: Mixed Messages
>> Top Reads: Giving USA 2014: Highlights


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Donor-Advised Funds Hoping to Roll Back Spend-Down Mandate in Camp Tax Overhaul

By Diane Freda, Bloomberg BNA

Reproduced with permission from Daily Tax Report, 108 DTR G-1 (June 5, 2014).
Copyright 2014 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com

Donor-advised fund representatives are hoping to dial back a proposed five-year spend down requirement that would be imposed on funds as part of House Ways and Means Committee Chairman Dave Camp’s (R-MI) draft Tax Reform Act of 2014.

Under the Camp discussion draft, donor-advised funds (DAF) would be subject to a 20 percent excise tax on DAF contributions that aren’t disbursed to charities within five years. The tax would apply in every year the donor-advised fund fails to make the distribution

Killing a payout requirement entirely may be difficult to accomplish, Sandra Swirski, executive director for the Alliance for Charitable Reform, told Bloomberg BNA June 3.

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ACR Blog: W&M Tax Extenders Markup

House Ways and Means Chairman Dave Camp (R-MI) held a markup (which is a formal amendment process) on May 29 on another group of tax extenders – annually expiring tax incentives – and related bills that the Chairman hopes to make permanent. The Committee considered three charity-related bills: a permanent extension of the IRA charitable rollover (introduced by Rep. Aaron Schock (R-IL) and Rep. Earl Blumenauer (D-OR); a permanent extension of the deduction for qualified conservation easements; and a permanent extension of the enhanced deduction for food donations.

The Committee also considered two other bills, both of which have long been ACR priorities.

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ACR News 05.30.14—Mixed Messages

>> Federal: ACR in the News
>> Federal: Washington Roundup
>> Federal: Ways and Means Committee Markup
>> Federal: ACR Webinar
>> Consider This: Mixed Messages
>> Top Reads: Charities adopt bunker mentality on taxes


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(VIDEO) ACR Webinar Focuses on Donor-Advised Funds

The rising popularity of donor-advised funds (DAFs) has caught the attention of the nonprofit community and congressional leaders. Despite their popularity, however, DAFs are still widely misunderstood, particularly by those outside of the charitable sector and by policymakers. For these and other reasons, the Alliance for Charitable Reform conducted its most recent webinar on May 28 entitled The Increased Popularity – and Scrutiny – of Donor-Advised Funds.

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ACR News 05.02.14—Tax Extenders, ACR Webinar, Simon Prize

>> Federal: Inching Towards a Tax Showdown
>> Federal: ACR Webinar
>> Federal: Jon Huntsman Sr. Recipient of 2014 William E. Simon Prize
>> Top Reads: Race is on to restore tax breaks


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Camp Proposal and Charitable Giving

By Robert Sharpe

In late February 2014, Representative Dave Camp (R-MI) put forth what’s been described as the most serious tax reform proposal (the Camp proposal) since the historic Tax Reform Act of 1986 (the 1986 Act). The Camp proposal represents the result of many months of study and hearings with representatives of many of the United States’ economic sectors and includes provisions drawn from both Democratic and Republican suggestions for tax reform and simplification.

While few observers believe that this proposal will become law in its current form, many think that it may, in fact, serve as a blueprint for future tax reform discussions.

Let’s explore ways in which this proposed legislation would impact charitable tax incentives, as we begin to contemplate its impact on income and estate tax planning.

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ACR News 04.17.14—Tax Extenders, Budget, ACR Webinar

>> Federal: Tax Extenders Take Center Stage
>> Federal: House Budget Vote
>> Federal: ACR Webinar
>> Top Reads: Charities Critical of New Federal Giving Rules


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IRS to Re-Propose Rule Defining Political Activity for Nonprofits

Internal Revenue Service Commissioner John Koskinen said in an interview this week with USA Today’s Susan Page that the IRS will likely rewrite the rule it proposed defining political activity of nonprofit organizations.

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