Given the size and scale of the operations of public charities, which in 2008 had over $2.5 trillion in assets, it is critical that the Subcommittee continue its review of the tax-exempt sector. Indeed, over the last two decades, the organizational structures of public charities have become increasingly complex, creating compliance and transparency issues.
Boustany emphasizes the importance of reviewing complex public charities for compliance and transparency.
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It is clear from the testimony that you all have put a great deal of time and consideration into these improvements to our current Tax Code.
Small business owners, farmers, ranchers, and others don't have to live their life fearing the tax liability imposed under the existing state tax.
This common-sense legislation excludes certain revenue streams from the 85 percent member income test.
The American people feel too often that Washington is out of touch with economic realities our nation is facing.
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