Senate Measure Seeks to Spur Foundations to Give More

Supporters of the new bill contemplate a single tax rate of 1.32 percent, but caution that to ensure there will be no loss of revenue to the Treasury, that figure is considered only preliminary.

The effort was applauded by Robert S. Collier, chief executive of the Council of Michigan Foundations, which has commissioned research showing that a less cumbersome tax system would promote institutional giving.