Excerpts from article…
” H.R. 2592, the Charitable Contribution Parity and Enhancement Act, was introduced in Congress last August by Rep. Aaron Schock (R-Ill.). The legislation was conceived two years ago by the National Association for the Exchange of Industrial Resources, a gifts-in-kind nonprofit located in Galesburg, Ill.”
” The real winners if the legislation is enacted, Smith says, would be small business owners, charities now facing decreased donations, and the disadvantaged Americans they serve, who were hardest-hit by the recent recession. “
” A program for teachers costs $19 annually and allows them to order school supplies through NAEIR’s website.”
To read the article in its entirety go to http://www.businessweek.com/articles/2012-08-06/time-to-equalize-tax-breaks-for-charitable-giving#p1 .
