Category: Advocacy & Policy

  • NIP Taskforce working toward 2016 renewal

    —

    by

    wvnpadmin
    in

    The West Virginia Nonprofit Association and Philanthropy WV have formed a Task Force to work on the renewal of the Neighborhood Investment Program tax credits in 2016. To that end, we are collecting information from NIP recipient organizations to help build the case in assessing the market potential for NIP credits. Below is a link to a…

  • Audit Threshold legislation signed by Governor Tomblin

    —

    by

    wvnpadmin
    in

    New legislation will help many nonprofits save thousands of dollars each year. Thanks the support and collective involvement by members of the West Virginia Nonprofit Association and Philanthropy WV, SB351 Increasing the Audit Threshold for Nonprofits passed both chambers of the WV Legislature on March 6. Governor Earl Ray Tomblin signed the legislation into law…

  • Action Alert: WV Audit Threshold Legislation

    —

    by

    wvnpadmin
    in ,

    UPDATE: As of Sunday night (February 22), SB 351 (Increasing the Audit Threshold for Nonprofits from $200K to $500K) was passed by the Senate Judiciary Committee and is now on to the full Senate for review and approval this week.  The House version of the bill HB2716 is pending in the House Finance Committee. We invite you…

  • Audit threshold changes proposed for West Virginia nonprofits

    —

    by

    wvnpadmin
    in ,

    Bills are active in both the West Virginia House of Delegates and the West Virginia Senate focused on increasing the audit threshold for nonprofit organizations from $200,000 to $500,000 (separate from government and private foundation grants) in income.  The language of the House of Delegates bill is more complete. The bills are currently in waiting, and…

  • UPDATE: Neighborhood Investment Program Tax Credits

    —

    by

    wvnpadmin
    in

    During the past six months, Philanthropy West Virginia and the West Virginia Nonprofit Association have been working for the Neighborhood Investment Program (NIP) Tax Credit renewal. We received some positive news on Monday that reflects the wise words of Sir Winston Churchill to work, “Let our advance worrying become advance thinking and planning.” In light…