The MCF Government Relations and Public Policy Committee created a Tax Policy Subcommittee after the passage of the 2017 federal tax law. This is a video conference meeting for the tax policy subcommittee. Exact agenda to be announced.
The MCF Government Relations and Public Policy Committee created a Tax Policy Subcommittee after the passage of the 2017 federal tax law. This meeting is the tax policy subcommittee’s retreat. Exact agenda to be announced.
MCF and the entire independent sector contributed to two exciting wins for the sector in December 2019 -- a simplifcation of the private foundation excise tax to 1.39%, and the retroactive repeal of the 21% Unrelated Business Income Tax (UBIT) on...
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...
On March 27, 2019, the House Ways and Means Committee held a hearing on the '2017 Tax Law and Who It Left Behind.' This hearing presented an opportunity for the independent sector to voice its concerns about the tax law's impact on charitable...
The 116th Congress is officially underway and MCF is getting ready to participate in Foundations on the Hill in March 2019 to meet with Minnesota's Congressional Delegation. The 2017 Tax Cuts and Jobs Act and its impact on the charitable sector...
Leaders in the independent sector have been heavily focused on the impact on tax reform on charitable giving ever since the 2017 tax reform conversations began. The expectation is that the 2017 tax reform will negatively impact charitable giving...
We knew this would happen. Conservative GOP members of Congress, and in the House in particular, are going to use every opportunity they can find to slip repeal of the Johnson Amendment into any bill they can. Now it's the 2019 appropriation...
