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Advocacy Blog
Friday, November 18, 2005
Senate Passes Tax Relief Act with Charitable Reform Provisio
From Council on Foundations:
At 12:30 a.m. this morning, the Senate passed the Tax Relief Act of 2005 by a vote of 64-33. The final bill contained a number of charitable reform provisions, including provisions affecting donor-advised funds and supporting organizations. Before final passage, Senators approved a manager’s amendment offered by Chairman Charles Grassley (R-IA) that made changes to the donor-advised fund and supporting organization provisions.
Posted by Jennifer Lowe
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