U.S. Treasury Department/IRS Propose Regulations on State and Local Government Tax Credits

Arizona Grantmakers Forum’s partners at the Alliance of Arizona Nonprofits just released an alert to its members about draft regulations that could affect Arizona nonprofits. The proposed rule—scheduled to take effect Monday, Aug. 27—states that donations to nonprofits that currently generate Arizona tax credits would no longer be fully deductible.

Please stay tuned for updates and more information.

To read the full alert and access additional resources from the Alliance of Arizona Nonprofits, click here.