Nonprofit Organizations
Nonprofit organizations play a big role in the Granite State.
Nonprofit organizations play a big role in the Granite State. They not only help people in their communities, but they’re also important to New Hampshire’s bottom line. The New Hampshire Center for Nonprofits reports 8,400 registered nonprofit groups operate in our state. They employ 102,000 people and contribute over $9 billion every year to New Hampshire’s economy.
There is no doubting the vital contribution these groups make. They help people every day and are often more effective in delivering services than city, state, and federal governments. As your Representative, I am working hard to help our nonprofits. One way is by preserving the charitable tax deduction. Some people would like to see it capped reduced or even eliminated. For example, the jobs bill President Obama submitted to Congress in 2011 contained harmful consequences to nonprofit groups by limiting the charitable deduction for people making more than $200,000 a year (or $250,000 per couple). We must ensure that we don’t penalize the very groups that are doing so much to help our communities here in New Hampshire. I wrote an op'ed on this imporatnt topic in a recent "Frankly Speaking" column. Click here to read it.
I’m committed to keeping Washington from harming these organizations that offer help to people who need it the most.
I write a monthly Non-Profits E-Newsletter to keep Granite Staters informed about what I am doing to help these imporant organizations. If you would like to recieve a copy of the e-newsletter, please email my Project Coordinator, Ashley Pratte at ashley.pratte@mail.house.gov and she will add you to our distribution list.
Legislative Action:
Cosponsor of H.R. 860 Promotions of Charitable Car Donations
- Amends the Internal Revenue Code with respect to the charitable tax deduction for contributions of qualified vehicles (i.e., highway motor vehicles, boats, or airplanes) to: (1) set forth revised acknowledgment requirements for vehicles valued at $2,500 or less and vehicles valued at more than $2,500; and (2) revise the penalty for submitting a fraudulent acknowledgment.
- This bill will allow tax deductions based on a fair market value up to $2,500, while leaving in place all tracking and enforcement safeguards.