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Comments of David Heinen of the N.C. Center for Nonprofits House Appropriations Committee – Wednesday, July 29, 2015
Thank you Mr. Chair. While individual nonprofits have many concerns with a variety of provisions in the Senate budget, the nonprofit sector has two main concerns about the tax plan in the Senate budget:
- The tax plan would effectively eliminate state tax incentives for charitable giving.
- The proposal would create new taxes on large nonprofits by lowering the existing cap on nonprofit sales tax refunds.