Grasley Looking Towards More Reforms
by Guest Blogger, 1/13/2006
From BNA:
Senate Finance Committee Chairman Charles Grassley (R-Iowa) said Jan. 12 he will propose new reforms for charitable and tax-exempt organizations later in 2006 beyond those in a pending tax reconciliation bill (S. 2020).
However, reform likely will not be accomplished in a single package as once envisioned, Grassley said.
Progress on charitable sector reforms, which his committee has been examining in recent years, probably will be a "piecemeal" approach of correcting perceived problems as opposed to one "gigantic" bill, Grassley told Iowa reporters via teleconference.
There are a number of changes applicable to the charitable sector in the reconciliation bill (S. 2020) to be negotiated with House members. Those provisions are relatively noncontroversial and most people in the nonprofit community have embraced them, recognizing that changes need to be made, Grassley said.
