Questions asked and FAQ's

This blog features questions from AFP members as well as FAQ's from the AFP Fundraising Resource Center. AFP provides listings of hyperlinks to other Internet pages as a user privilege. AFP does not necessarily endorse, support or attest to the accuracy of information posted on those Internet pages. Some urls may require registration to view and/or may only be available for a limited time. Information represents only a sampling of material that may be available.

Wednesday, November 16, 2005

A member question re Katrina Relief Act 2005

From the AFP Website

Association of Fundraising Professionals | U.S. public policy issues | U.S. federal issues

(Sept. 26, 2005) Congress has passed a Hurricane Katrina tax relief bill that does not include the IRA Rollover provision, but does contain a new incentive that could encourage additional giving.

As reported last week, the House and Senate introduced and passed two separate Katrina tax relief packages. The Senate bill originally included the IRA rollover provision and a proposal allowing the Internal Revenue Service to share information about tax-exempt organizations with state governments. Because of strong opposition from the House, those two provisions were stripped from the bill during House-Senate negotiations.