Nonprofits are beginning to coordinate across the sector to convince US lawmakers that their groups are worth the price of their tax-exempt status.
Congress is hunting for revenue to offset the trillions of dollars it’s estimated to cost to extend the GOP’s 2017 tax law, which has many provisions expiring at year’s end. House Republicans circulated a lengthy list of options this month—including eliminating nonprofit status of hospitals, expanding the endowment tax on private universities, and making scholarship and fellowship income taxable.
The suggestions come amid growing lawmaker oversight of hospitals, universities, and foreign nonprofits. That attention and need for ...
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