Advocacy News: House Passes a One Year Deal on Tax Extenders; Senate Action Pending

Advocacy News: House Passes a One Year Deal on Tax Extenders; Senate Action Pending

Posted by rprice, With 0 Comments, Category: Advocacy, Latest News, News, Tags:

​​​The House of Representatives today passed a one year deal to extend dozens of expired tax provisions, including the food donation tax deduction. The legislation unfortunately does not make any of the expansions to the food donation tax deduction Feeding America was seeking.

Both House Republicans and Democrats supported the one year bill. The bill is meant to make the provisions current through the end of 2014 so that the 2014 tax filing season has certainty. President Obama has stated his intention to consider tax extenders and other pending legislation in 2015 when the new Congress convenes.

While Senate action is not guaranteed, it is likely that a vote on the one year bill could come next week. Senate leaders have concluded that a larger tax compromise is not likely this year, mostly due to lack of support from the White House.

Thanks to your tireless advocacy efforts with Congress and the media, our network has made tremendous strides in advancing this issue and educating Congress on the role tax incentives play in increasing the amount of nutritious food donation through our network. We are continuing to monitor the situation closely and will activate the network once legislation is pending and a vote scheduled. Our progress this year means that we start 2015 in a much stronger position in terms of advancing charitable tax legislation

Leave a Reply