News & Resources

2020 Federal Appropriations Act Provisions Impact Nonprofits

Brad Bedingfield and Eleanor Evans

12/23/2019

On December 20, 2019, the President signed a bipartisan appropriations bill (H.R. 1865, the Further Consolidated Appropriations Act, 2020), which includes several pieces of legislation affecting nonprofit organizations. In particular, the new law:

  • Repeals the UBIT “parking tax” retroactively
  • Simplifies the excise tax on private foundations’ net investment income
  • Makes changes to the tax treatment of IRA distributions that may affect charitable giving
  • Renews tax incentives for disaster relief contributions

To learn how these provisions will impact nonprofits, please click here to read the full article.

X
Disclaimer

Communications Policy for Hemenway & Barnes

Thank you for your interest in Hemenway & Barnes, but merely communicating with Hemenway & Barnes LLP or a Hemenway & Barnes lawyer or employee will not create a lawyer-client relationship. Such a relationship will not arise unless and until the firm agrees with you in writing to handle a particular matter. Unless and until this has occurred, you should not convey to us any information you regard as personal or confidential, because any such information will not be treated by us as confidential or subject to any confidentiality requirements.

Our website offers several opportunities for visitors to request information. We use this contact information to send users information about our firm and their selected areas of interest. We may not be able to respond to your request for a variety of reasons, but appreciate your interest in our firm.

Cookie Policy

This website uses cookies to improve functionality and performance. Click here for our privacy policy. By continuing to browse this website, you consent to the use of cookies.

I Agree