In an interesting coincidence the US Congress published a report on February 11, 2013 on the “Present Law and Background relating to the Federal Tax Treatment of Charitable Contributions”. This was the same day as the Canadian Finance Committee of the House of Commons published a similar report on Canadian donation incentives which I discuss at https://www.canadiancharitylaw.ca/blog/house_of_commons_finance_committee_releases_report_today_on_tax_incentives_/ . The US report goes into details of the US tax incentive for donations and discusses the rationale and challenges with such incentives.
To read the US report see:
PRESENT LAW AND BACKGROUND RELATING TO THE FEDERAL TAX TREATMENT OF CHARITABLE CONTRIBUTIONS
Prepared by the Staff of the JOINT COMMITTEE ON TAXATION February 11, 2013
https://www.jct.gov/publications.html?func=download&id=4506&chk=4506&no_html=1
Related Posts
April 19, 2021
2021 Canadian Federal Budget – How will it affect the Canadian charitable sector?
A lot has changed in 2 years when the last Federal budget was delivered. Today, Canadian Finance Minister Chrystia Freeland has introduced a Federal…
April 19, 2021
Upcoming Webinars for the Canadian Charity Law Association
The Canadian Charity Law Association is delivering some upcoming webinars. Registration is free but space is limited. Topics are subject to change.…
April 14, 2021
If a charity official donation receipt does not have all mandatory elements then it can be invalid
In a recent Federal Court of Appeal case called Kueviakoe v. Canada, the court decided that an official donation receipt lacking certain basic or…