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.
- Affordable Care Act: Final Rules on Coverage for Adjuncts and Students
- Administrative Jobs and Benefits Costs Drive Higher Ed Labor Costs
- OMB Super Circular Makes Changes to Audit Requirements
- 2014 Higher Education Accounting Forum
April 27-29, 2014
- ON-DEMAND: Understanding the Results of the 2013 NACUBO-Commonfund Study of Endowments, and a Look to 2014 and Beyond
- ON-DEMAND: How Behavioral Changes Helped Cut Energy Usage in Half
- ON-DEMAND: Developing a Market-Informed Approach to Tuition Pricing
- ON-DEMAND: Responsibility Center Management: The Process Necessary to Complete a Successful Implementation
- ON-DEMAND: OD: Responsibility Center Management: How Innovations Have Changed the Nature of RCM
- 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