Grassley Talks About Nonprofit Accountability at IS Conferen

From BNA(subscription required) Charitable sector reforms and incentives are likely to move piecemeal and, like a package of tax incentives to aid disaster reconstruction in the wake of Hurricane Katrina, may be attached to the tax reconciliation package to be taken up in the Senate, Finance Committee Chairman Charles Grassley (R-Iowa) said Oct. 24. Grassley has until recently expressed a preference to move the second package of Katrina tax incentives, expected to include bonus depreciation, bond incentives, and tax breaks for oil and gas refineries, as a stand-alone measure. He told reporters that plan may change due to time constraints. "It could end up as part of the reconciliation now, I'm sorry to say, because we really wanted to be on two separate tracks," Grassley said.
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