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Congress Faces Tax Fight Over Nonprofit Benefits
Washington hearings examine whether tax exemptions give nonprofits an unfair edge over businesses. Lawmakers hear from Independent Sector and Small Business Administration critics while noting nonprofit growth to 1.2 million groups with nearly $300 billion in revenue. The debate centers on the unrelated business income tax and its reach into charitable entities such as Humane Society and PTL ministry.
MENTIONED IN THIS ARTICLE
Washington
Congress
Humane Society
PTL
House
Ways and Means
J.J. Pickle
Texas
Vince
Marion Fremont-Smith
Boston
Frank S. Swain
Small Business Administration
John J. Motley III
National Federation of Independent Business
IRS