Agreement Reached on Tax Cuts; Charity Reforms Not Included
May 16, 2006
Late last week, Congress passed the final compromise on the $70 billion tax reconciliation package (H.R. 4297), combining a two-year extension of the reduced tax rates on capital gains and dividends with a one-year extension of alternative minimum tax relief. President Bush is scheduled to sign the bill into law May 17.
A package of charitable giving incentives and reforms affecting colleges and universities, included in the original Senate version of the bill, was not included in the final measure. However, some aspects of the charitable package could be included in a second tax package that might be added to the pension reform legislation currently in conference (H.R. 2830).
Senate Finance Committee Chair Charles Grassley (R-IA) hopes to complete action on the pension reform legislation by May 28. However, both the timing and the state of negotiations related to the charitable provisions remain unclear.
- Lawmakers Introduce Bills to Simplify Student Aid
- CFPB Proposes Draft Template for Student Banking Options
- Data on Campus Law Enforcement Released
- 2015 Endowment and Debt Management Forum
February 4-6, 2015
- 2015 Unrelated Business Income Tax
February 25-27, 2015
- ON-DEMAND: How to Build, Develop, and Support a Compliance Program at Your Institution
- ON-DEMAND: Strategic Tuition Assessment and Tuition Restructuring
- ON-DEMAND: Are Shared Services Right for Your Organization – The KU Journey
- ON-DEMAND: VIRTUAL: 2014 Annual Meeting
- ON-DEMAND: VIRTUAL: Student Financial Services Conference
- ON-DEMAND: VIRTUAL: Higher Education Accounting Forum
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis