This year, credit union leaders face a pivotal moment—one that could shape the future of our industry for decades to come. The scheduled expiration of key provisions from the ...

A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

If passed, a new Senate Bill could redefine which organizations get tax exemptions. Senate Bill 2369 would change a part of ...

Tax exempt organizations such as associations, charities, and nonprofit organizations play an indispensable role in fostering ...

Marilyn Stark, R-Bethany, introduced legislation to give a sales tax exemption for non-profits. HB 1171 would ... and passed in the House 70-17 but did not make it to the Senate floor.

Nonprofit hospitals are exempt from federal and some state and local taxes. Therefore, in addition to providing that 24/7 care, they must meet the Internal Revenue Service (IRS) Community Benefit ...

If an organization does not submit the form for three consecutive years, it can have its tax-exempt status revoked. In an interview last month with Melissa Cook, the non-profit compliance ...

Many have used nonprofit status to expand beyond their mandate of serving low- and moderate-income communities.

The Louisiana Department of Revenue said the state will continue to recognize sales tax exemptions on K-12 school sports ...

Under the bill, nonprofit hospitals could not charge patients more than 200% of what they would pay under Medicare for the same service — a benchmark that Franciscan Health did not clear in a similar ...

must be made in order to take advantage of the exemption. This burden, which is not required under the CTA, significantly undermines the value of the exemption. That being said, the CTA has been ...