2018 Legislative Update
Several bills related to tax reform and nonprofits. Some of them protected 501(c)(3) nonprofits, while others bills proposed taxing nonprofits gross receipts over $100,000.
Preparing for 2019 session
Although there was disagreement about tax reform measures, many legislatures are saying that tax reform is needed. Nonprofits can expect that this will be a major topic for the Revenue Stabilization and Tax Policy Committee during the interim. Your participation in the financial outlook survey will contribute to the creation of a data report to help legislators understand the impact of their proposed tax reform measures.