TABOR
Charitable nonprofits across North Carolina are concerned that the Taxpayer Protection Act (also known as TABOR) would harm nonprofits that provide essential services in every community in our state. If TABOR (S.607) passed as a constitutional amendment, it would likely lead to new taxes, fewer private contributions, and increased burdens on charitable nonprofits.
North Carolina Nonprofits Oppose TABOR
Download full article below.
Charitable nonprofits across North Carolina are concerned that the Taxpayer Protection Act(also known as TABOR) would harm nonprofits that provide essential services in every community in our state. If TABOR (S.607) passed as a constitutional amendment, it would likely lead to new taxes, fewer private contributions, and increased burdens on charitable nonprofits.
Withholding from state grants to nonprofits
Consistent Oversight of Nonprofits is Essential, But Must Not Reduce Grant Awards
House Passes Bill to Help Small Businesses Give to Nonprofits
The N.C. House of Representatives recently passed a bill recommended by the N.C. Center for Nonprofits. This will make it easier for North Carolina small businesses to give to nonprofits. Currently, North Carolina companies that give generously to nonprofits don’t get full credit for their charitable contributions on their state taxes. The bill (H.B. 886) would make the N.C. corporate tax deduction for the same as the federal deduction. Thanks to Rep. Tim Moffitt (R-Buncombe), Rep.
General Assembly Passes Legislation to Ease Burdens on Health and Human Services Providers
The Governor recently signed into law a bill (H.B. 618) that will streamline monitoring for some nonprofit services providers that contract with the N.C. Department of Health and Human Services (DHHS).
House Approves Broader Religious Tax Exemption
On March 26, the House unanimously approved legislation (H.B.
Government-Nonprofit Contracting Task Force
Based on the Center’s recommendations, the House included a provision in its regulatory reform bill (H.B. 760) to establish a new Government-Nonprofit Contracting Task Force. The 13-member task force would be comprised of state legislators, key executive branch officials, and nonprofit representatives.
IRA Charitable Rollover
On March 4, the N.C. House of Representatives overwhelmingly approved an amendment to a bill (S.20) that would have protected the state tax treatment of charitable contributions that seniors make from their individual retirement accounts (IRAs). Thanks to Rep. Rick Catlin (R-New Hanover) for sponsoring the amendment, which passed by a 109-7 vote.