House Committee Weighs Nonprofit Public Value (May 16, 2012)
Today, the U.S. House oversight committee on Ways and Means held the first in a series of hearings regarding tax-exempt organizations. The witnesses included nonprofit leaders, scholars, and representatives of hospitals and higher education groups. Throughout the questioning and testimony, some members of Congress and policy experts discussed whether the basis for tax exemption and eligibility for charitable contributions should be re-examined, based on how much community benefit organizations are producing. While related legislation has not yet been offered, these hearings will set the stage for a frenzy of end-of-year tax policies that will likely be debated following the November elections and prior to the close of the calendar year. Please stay tuned as the League keeps you informed of advocacy opportunities and, in the meantime, make use of the Public Value Toolkit available to member orchestras.