Camp Releases Tax Reform Bill, Includes Provisions Affecting Charitable Giving
On Feb. 26, U.S. House Ways and Means Committee Chairman Dave Camp (R-Mich.) released his highly anticipated comprehensive tax reform bill, the Tax Reform Act of 2014. If enacted, the bill would substantially change the current U.S. tax code by lowering tax rates and broadening the tax base. The proposed changes would also impact charitable giving to and potential funding sources for educational institutions and their affiliated organizations.
CASE has put together a brief summary of provisions in the bill affecting educational advancement. We will continue to post additional information and updates as we continue to examine specific provisions in the bill.