Thursday, May 11th 2017, 11:29 pm
A bill has been pulled from the Oklahoma House that nonprofit executives say would have removed incentives for large charitable donations.
CEO of Susan G Komen Tulsa Pam Ballard says she was surprised to learn of the bill that would have capped charitable deductions at $17,000.
She says the Oklahoma taxpayers who would have been affected contribute up to 15 percent of the nonprofits' budgets.
"That’s a huge percentage of our contributions,” said Ballard. “Those contributions come in the last three days of the calendar year. So, that deduction really does matter."
Ballard's hoping nonprofit donations won't be targeted in any more bills.
May 11th, 2017
April 15th, 2024
April 12th, 2024
March 14th, 2024
April 19th, 2024
April 19th, 2024
April 19th, 2024