As you have probably already heard, the SBA is no longer accepting new applications for the Payroll Protection Program based on available funding at this time. Additionally, the Economic Injury Disaster Loan (EIDL) and $10K advance program is also unable to accept new applications.
The SBA has assured us that they will process previously submitted applications on a first-come first served basis. We do not have a lot of information at this time, but will share what we know and what you can do.
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As Congress works on additional relief for individuals, businesses, and nonprofits affected by the COVID-19 crisis, we are asking for four specific improvements to the nonprofit relief in the CARES Act:
Expand access to credit. Helping nonprofits get more immediate assistance by expanding nonprofit eligibility for the Paycheck Protection Program (PPP) and by establishing a dedicated funding stream for PPP loans to nonprofit organizations. Many in the nonprofit sector were either unable to get their application processed or banks told them that their application was not processed in time. Bolster charitable giving incentives. Strengthening temporary above-the-line charitable deduction from the CARES Act by allowing taxpayers to use it on the 2019 taxes, significantly increasing the $300 cap, and extending it beyond 2020. As nonprofits will rely even more on charitable giving from the public, it is essential that Congress creates a universal charitable deduction. Sen. Lankford proposes broadening the above-the-line charitable deduction in HR 748The draft emergency economic stimulus bill H.R. 748 in the U.S. Senate would allow all taxpayers – not just those who itemize their deductions – to receive a $300 tax credit.
Senator James Lankford (R-OK) offered an amendment on Sunday that would significantly increase the cap of $300 on the above-the-line charitable deduction from what is in the current draft bill. The National Council of Nonprofits has endorsed the Lankford Amendment and encourages your organization to do so too. If you support the increased above-line charitable deduction as proposed by Sen. Lankford please take two steps, IMMEDIATELY:
The US Senate approved the House-passed coronavirus relief package which includes provisions for paid emergency leave, bolsters unemployment insurance, increases health insurance spending for those in need, adds $1 billion in food aid and provides for free COVID-19 testing. It now heads to President Trump’s desk for signature.
Learn more about the bill in Gallagher's breakdown of the legislation. The Idaho Nonprofit Center will provide more context and explain how this will help your communities and the nonprofit sector in the next couple of days. Over the weekend the Idaho Nonprofit Center has been working on policy related issues to the COVID-19 outbreak and its potential impacts on the nonprofit sector in Idaho. To that end, chief executive officer Amy Little sent a letter to the governor’s office, and you can read the content of that letter here.
In addition, we are now tracking H.R. 6201 at the Federal level, please read on for more information about this legislation and how you can engage with our senate delegation in Washington DC in support. As this is a rapidly evolving situation, we promise to keep you informed and will be mindful of the amount of information that we do share with you. We are proud to demonstrate our ability to fulfill the advocacy portion of our mission for you in these challenging times. We are all in this together. Updates on ICAPAThis past week, House Bill 431, Idaho’s Charitable Assets Protection Plan was received and passed by the House. As of March 2, the document has been filed and read by the Judiciary and Rules committee.
The bill is expected to move forward by the end of business on March 6.
Before we jump into the resources and advice on Coronavirus (Covid-19), we want to convey that we’re issuing this guidance to support your efforts in preparation, not out of fear, should an outbreak occur in your community.
The most important piece of advice we can offer this: don’t panic. As my favorite Pixar movie character Edna Mode once said: “Luck favors the prepared.” We hope this list of suggestions and resources helps you feel prepared. Staying calm and planning ahead are the best ways to proceed. We divided our advice into three distinct sections: General employee policies, contingency planning, and CDC resources and advice. In This Issue
Your voice can be heard and it is important to understand how. Learning how to advocate for important issues is your first step.
Don’t worry! While this may seem like an overwhelming topic, there are small things you can do to make a difference in your community.
During this past legislative season, congress officially repealed the Internal Revenue Code’s (IRC) Section 512(a)(7). As a result of the legislative repeal, Idaho nonprofits who were required to pay higher taxes after December 31, 2017 due to the increased tax on transportation fringes, may now qualify for tax-credits or financial refunds. If your organization was affected by the increased rates and wish to claim a refund or credit of the UBIT reported on your Form 990-T for 2017 or 2018 under Section 512(a)(7), you may do so by filing an amended Form 990-T as described in the form’s instructions. How to Receive RefundFeedback needed for the Idaho Attorney GeneralThe office of the Idaho Attorney General is working on legislation that the Idaho nonprofit sector should be aware of. Our policy committee is committed to ensuring that you are alerted of any potential legislation that may impact your organization as well as providing you with opportunities to provide feedback to not only the Idaho Nonprofit Center but also to the Attorney General. This most recent legislation is similar in nature–yet completely reworked–of the ICAPSA legislation that we first shared with you during 2016-2017. Please click here to read the latest version–the one from which the Attorney General’s office will be working from for the next several months. This is the most recent draft and titled “version 1.” Please take a moment to review. We invite you to share your questions and feedback with us through this form. The Attorney General’s office would also invite direct feedback from you as well. Any questions or concerns can be directed to Brett DeLange, brett.delange@ag.idaho.gov. The Idaho Nonprofit Center's ViewsThe Idaho Nonprofit Center wants to make you all aware of potential changes to the Federal Poverty Level calculation as it impacts many of your missions. We recently received the below communication from one of our partners and members, the United Way of the Treasure Valley, written by their President and CEO, Nora Carpenter.
We are including the entirety of her message below. In This Issue:In This IssueUnder the 2017 Tax Cuts and Jobs Act, nonprofits are now required to pay a 21% federal tax on the cost of employee transportation benefits, including transit and parking. Last Friday, Speaker Pelosi stated that House Democrats are slowing the review of the tax law, which could mean that nonprofits and houses of worship providing parking (free and otherwise) and covering transit costs for employees will need to make tax payments as soon as next month. To better understand the impact of these taxes, check out this free report created by Independent Sector in partnership with researchers at the Urban Institute and George Washington University. Advocacy WinThe mission of the Idaho Nonprofit Center is to educate, advocate, and collaborate in support of stronger nonprofits. This year we were able to fulfill the advocate part of our mission in a big way at the Idaho State Legislature. Since the legislative session began, we have been telling you about our concerns regarding the campaign finance bill numbered S1114. Generally, we were concerned about the proposed addition of “ballot measures” to the definition of electioneering communications which would mean any nonprofit that engages in advocacy would be part of the code.
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Your voice can be heard and it is important to understand how. Learning how to advocate for important issues is your first step.
Don’t worry! While this may seem like an overwhelming topic, there are small things you can do to make a difference in your community.
The Idaho Nonprofit Center and nonprofits, houses of worship, and foundations across the state are steadfast in our support of the Johnson Amendment, the longstanding provision of federal tax law that prohibits candidates for public office and donors from attempting to politicize our organizations by asking for endorsements and other forms of campaign support.
That law is at risk this month, and Congressman Simpson is in a key position to protect nonprofit nonpartisanship. We’re asking for your help in urging him to stand with the nonprofit community by delivering this message:
You can contact him here:
Welcome to our final Legislative Watch for the 2018 Idaho Legislative Session! Although the session has ended, we will continue to update you if any legislation comes up impacting nonprofits and the sector.
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Welcome to our second Legislative Watch of the 2018 session. If you missed our last newsletter, make sure to take a look at the proposed state bills we are tracking.
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