CCP Public Policy Update: New Tax Changes
Release Date:
01/02/2020
... legislation are two tax provisions that affect private foundations and nonprofits. Simplification of the Private ... 206 ) replaces the two-tier excise tax that private foundations pay on investment income with a flat-rate excise ... of 1.39%. A flat rate has long been a priority for private foundations, as the two-tier rate penalized foundations for ...