October 15, 2009
Senate Bill Would Give Small Charities a Tax Credit to Offer Health Insurance
Chairman of the Senate Finance Committee, Max Baucus.
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Chairman of the Senate Finance Committee, Max Baucus.
Small charities would receive a tax credit to help them provide health insurance to their employees, under a bill that the Senate Finance Committee was working on last week.
Two other proposed provisions related to nonprofit work were not included in the measure under consideration: a move to limit the tax break for charitable donations for some wealthier donors to pay for health-care changes, and a measure to alter how nonprofit groups justify their pay levels.
The tax
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