Last Chance to Speak Up for IRA Rollover (09/25/08)
Washington, D.C. - Congress is on the verge of adjourning, and it is debating whether to pass a package of tax extenders that would include the IRA Rollover. Orchestras have received increased and new donations as a result of the IRA Charitable Rollover. Your advocacy can help convince Congress to reinstate this important measure. The provision, which allowed donors to make tax-free charitable contributions directly from their Individual Retirement Accounts (IRA), was enacted in August 2006, but expired in December 2007. While legislation reinstating the IRA Rollover has broad bipartisan support, there is a tiny window of opportunity for passage this year. Your advocacy is needed to ensure that Congress makes this issue a priority during this short, election-year legislative session.