Charities Laud Permanent Tax Breaks in House Deal

Charities and donors have been in limbo, waiting for Congress to decide whether to renew expired tax laws that help funnel more to charity. In a midnight deal, House Republicans have put together a spending and tax law package that includes making many items on the charities’ wish lists permanent–and retroactive to Jan. 1, 2015. The House vote should come Friday. It appears that Republican leaders believe it will pass with or without Democratic votes, and that they have assurances from both the White House and Senate Democrats that they will support it, said Russ Shay, director of public policy at the Land Trust Alliance.

Here’s a section-by-section summary from the Committee on Ways and Means of the Proposed Protecting Americans From Tax Hikes Act of 2015, which includes major tax relief for individuals and businesses.