IRS Releases Guidance on Employer-Leave-Based Donations to Ukraine
The IRS released guidance (Notice 2022-28) on the treatment of employer-leave-based donations that render cash payments to assist civilians in Ukraine. Payments made by an employer before January 1, 2023, will not be treated as gross income or wages of the employees of that employer. An employer may deduct qualified leave-based donation payments under the rules of section 170 or section 162.
Biden Administration Addresses the Infant Formula Shortage
The Department of Health and Human Services Partnership Center is hosting a webinar on Friday, May 20 at 3:00 p.m. ET for community leaders, including philanthropies and nonprofits, on the status of the Administration’s plan to address the shortage and how to protect infant health. President Biden has directed his Secretaries of Agriculture (USDA) and Health and Human Services (HHS) to work urgently to ensure that, during the Abbott Nutrition voluntary recall, infant formula is safe and available for families across the country. HHS’s fact sheet lists tools and resources to help families find formula (Spanish version).
The President met on May 12 with retailers and manufacturers and on May 17 issued a Memorandum on the Delegation of Authority Under the Defense Production Act to Ensure an Adequate Supply of Infant Formula, essentially invoking the National Defense Production Act, an authority to expedite and expand the supply of materials and services from the U.S. industrial base needed to promote national defense.
Biden Administration Call to Action to Help the Community of Buffalo
President Biden issued a statement on May 14 expressing his and First Lady Jill Biden’s remorse upon hearing of the racially motivated murders in Buffalo that day. On a trip to the city on May 17, the President implored all Americans to reject the ideology of hate and said that “none of us can stay in the sidelines.” On May 18, the White House Office of Faith-Based and Neighborhood Partnerships announced that culturally competent counselors and pastoral care volunteers are needed to increase the availability of grief and crisis counseling services to the Buffalo community, including for school-aged children. Any funders or grantee partners willing to engage this way can contact partnerships@WHO.EOP.gov.
Treasury Seeks to Develop a Modernized, Equitable IRS
The Department convened a roundtable discussion on May 18 with key tax and equity policy stakeholders on ways to modernize and ensure a more equitable tax administration in the years ahead in light of the IRS’s increased role as a benefits administrator within the federal government and the US economy, particularly for low-income Americans. Officials cited the Child Tax Credit under the American Rescue Plan Act as an ongoing case study. Input was also sought on how to overhaul tax enforcement to create a more equitable tax code, with officials emphasizing the need to prioritize IRS investments to achieve that goal.
Federal Action Plan to Close the Housing Supply Gap in Five Years
President Biden released a comprehensive Housing Supply Action Plan on May 16 aimed at easing the burden of housing costs over time by boosting the supply of quality housing in every community. The Plan will help renters who are struggling with high rental costs, with a particular focus on building and preserving rental housing for low- and moderate-income families. The plan includes legislative and administrative actions that will help close the nation’s housing supply shortfall in 5 years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years.
Census Bureau Releases 2020 Undercount and Overcount Rates by State
On May 19, the Census Bureau released the 2020 Census-estimated undercount and overcount rates from the Post-Enumeration Survey (PES) by state and the District of Columbia (D.C.). The PES estimates show how well the 2020 Census counted everyone in the nation by creating an independent estimate of the number of people living in the United States on April 1, 2020. Generally, the counts for 36 states and D.C. did not have a statistically significant undercount or overcounts; there were undercounts in six states and overcounts in eight. Consult the Bureau’s data visualization tool to check out the count for each state and the District of Columbia.
Philanthropic funders interested in engaging on census issues, both related to the 2020 Census and looking forward to the 2030 Census, should contact Funders' Committee for Civic Participation (FCCP), which hosts the Funders Census Initiative.
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