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Same Song, Different Verse: Updates to the Paycheck Protection Program

What does the new Paycheck Protection Program (“PPP”) legislation hold in store? Last month, Congress passed the 2021 Consolidated Appropriations Act (“CAA” or “the Act”), and President signed it into law on December 27, 2020. The CAA contains important PPP changes that may affect current borrowers and provides additional relief for small businesses and nonprofits needing a “second draw,” but with a new income reduction requirement. Here’s the nuts and bolts.

NONPROFIT LAW NEWSFEED

Oregon Democratic Sen. Wyden: IRS should investigate whether tax-exempt groups fueled Capitol riot

The Washington Times Sen. Ron Wyden wrote to IRS Commissioner Charles Rettig to request an investigation of whether tax-exempt organizations had any direct involvement in planning or inciting the riot at the U.S. Capitol last week. 

IRS Revamps Application for 501(c)4 Tax-Exempt Status

Accounting Today The Internal Revenue Service issued a revised Form 1024-A application Tuesday for tax-exempt status under Section 501(c)4 of the Tax Code, along with instructions permitting it to be filed electronically. The move is part of the agency’s ongoing efforts to expand the range of forms that can be filed electronically.

Cares Act 2021 Tax Incentives

AOPA Foundation Tax incentives brought about by the CARES Act for 2020 are extended to the 2021 tax year. One provision expanded benefits to those supporting qualified non-profits like the AOPA Foundation.

Oklahoma senator introduces Religious Freedom Act

 The Lawton Constitution State Sen. George Burns, R-Pollard, has filed a measure that would modify the Oklahoma Religious Freedom Act to ensure government entities cannot close churches, religious institutions or houses of worship. The measure is a response to the closure of churches and houses of worship across the nation during the COVID-19 pandemic.

The Bill that could change Religious Freedom as you know it

Deseret News Amid growing conflict between religious liberty and other civil rights, a diverse coalition of pastors, policymakers and advocacy groups is calling for an overhaul of America’s most notable religious freedom law outside of the Constitution.

Nonprofit Groups Put New Independent Expenditure Law to the Test

New Mexico In Depth After a decade-long effort, New Mexico lawmakers passed new campaign reporting requirements in 2019 to force nonprofit groups, which can spend money on political campaigns without registering as political committees, to disclose their spending as well as the names, addresses, and contribution amounts of their donors who fund such “independent expenditures.” 

Philanthropists Push for Charitable Giving Reforms

Barron's A group of high-profile philanthropists and foundations, along with estate and gift tax experts, have come together to push for reforms to charitable giving laws that would increase the amount of money available for nonprofits.

Selby Gardens, Property Appraiser Remain at Odds

YourObserver.com After years of being exempt from local property taxes, Marie Selby Botanical Gardens is facing nearly $1 million in taxes and assessments on its bayfront campus near downtown Sarasota.

Rules Requiring Nonprofits to Register as Lobbyists Delayed Again

New rules requiring nonprofit organizations to register as lobbyists in Chicago will not take effect until at least April 1 amid an outcry about the impact of the new regulations and delays caused by the coronavirus pandemic.

Justices Order Review of California Virus Rules for Churches

AP News The Supreme Court on Thursday ordered a lower federal court to reexamine California restrictions on indoor religious services in areas hard hit by the coronavirus in light of the justices’ recent ruling in favor of churches and synagogues in New York.

Oregon Democratic Sen. Wyden: IRS should investigate whether tax-exempt groups fueled Capitol riot

The Washington Times Sen. Ron Wyden wrote to IRS Commissioner Charles Rettig to request an investigation of whether tax-exempt organizations had any direct involvement in planning or inciting the riot at the U.S. Capitol last week. 

IRS Revamps Application for 501(c)4 Tax-Exempt Status

Accounting Today The Internal Revenue Service issued a revised Form 1024-A application Tuesday for tax-exempt status under Section 501(c)4 of the Tax Code, along with instructions permitting it to be filed electronically. The move is part of the agency’s ongoing efforts to expand the range of forms that can be filed electronically.