- November 15, 2010
- Andrew Presti
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The Senate Finance Committee will be looking at some of the qualifications for tax-exempt status when the 112th Congress convenes in January, Patricia Read, senior vice president at Independent Sector, said Nov. 9.
“The definitions about who and what should be exempt from taxation, who and what should be eligible to receive tax deductible contributions, is going to be under scrutiny,” she told a Hudson Institute gathering on the effect of the midterm elections on tax-exempt organizations. Read emphasized that Russ Sullivan, Senate Finance Committee staff director, said in September he fully expected that changes brought about by health care reform alone would require a closer look at the qualifications for tax exemption.