A deal in Congress on a tax extenders bill was made late Monday evening, and the deal includes two provisions that MCF and the broader independent sector have been supporting. The bill includes:
Private Foundation Excise Tax...
The Minnesota Council on Foundations has signed onto a letter to House leadership and Ways and Means Committee leadership in support of simplifying the private foundation excise tax to a revenue-neutral flat rate of 1.39%. The letter is being...
MCF and the broader philanthropic field have long been advocates for simplifying the private foundation excise tax to a flat rate. This long-time priority has moved into the realm of the possible -- our national partners and the field have united...
