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Advocacy Blog
Wednesday, July 11, 2007
Hearing on 501(c)(3) Organizations Announced
The House Ways and Means Oversight Subcommittee has announced a July 24 hearing covering an overview of tax-exempt organizations, specifically 501(c)(3) charities and foundations. Most likely witnesses representing the nonprofit sector (from the Council on Foundations and Independent Sector) will urge Congress to extend several tax breaks for donors and put forward their opinion on information that charities must disclose to the Internal Revenue Service (IRS). The witnesses will include a representative from the IRS and the Government Accountability Office (GAO), and as mentioned, Independent Sector and the Council on Foundations. The hearing will focus on the Pension Protection Act of 2006 and the changes to Form 990. Reportedly, there are also plans for a second hearing to focus on the services that urban and rural organizations provide. For more information on the hearing, visit the committee's website.
Posted by Amanda Adams
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