Many not-for-profit organizations dread the unrelated business income tax (UBIT) because it can be a challenge to sort out when a not-for-profit’s activities are subject to the tax and when they are ...
Several cash-strapped state and local governments are considering new taxes on not-for-profit organizations, according to a report by the New York Times. The Times listed several recent developments ...
As part of the Inflation Reduction Act of 2022, P.L. 117-169, passed in August 2022, hundreds of billions of dollars in governmental funding and costs were allocated to energy and climate initiatives.
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