Massachusetts Legislature Seeks to Ban Nonprofit Director Compensation

The Boston Herald reports that the MA state Senate has approved a bill introduced by State Senator Mark Montigny (D-New Bedford) which will ban public charities from paying compensation to directors.  The Nonprofit Times reports that the bill, which must now go to the House and then to the Governor for approval, is supported by Martha Coakley, the state’s Attorney General.

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Congress Looks at Tax-Exempt Organizations

According to the Council on Foundations, “Rep. Charles Boustany Jr. (R-La.), chairman of the House Ways and Means Subcommittee on Oversight, said the subcommittee will hold t series of hearings [Wednesday] to look at the operations of tax-exempt organizations.  The Ways and Means Committee’s web site states that “[t]he hearing will focus on certain current issues related to tax-exempt organizations, including the current IRS compliance initiative related to Universities, recently enacted reporting requirements for tax-exempt hospitals, recent efforts by tax-exempt organizations to design and implement good governance standards, and taxpayer involvement in redesigning the Form 990.  In addition, the hearing will discuss the history of recent legislative changes to the tax code dealing with tax-exempt organizations and what prompted those changes.”

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