In this blog and elsewhere we’ve been discussing NAEIR's introduction of H.R. 2592 and attempts to cultivate interest and support of the
bill since 2008.
Once passed, this legislation would allow thousands of S
Corps and other businesses throughout the country to take advantage of IRC
Section 170(e)(3). They would get the same
enhanced tax deduction when donating surplus inventory that only C Corporations now enjoy.
The bill would motivate many more companies to donate
inventory and make a wide range of free products available to charities
throughout the country.
NAEIR's corporate offices and warehouse, Galesburg, IL |
We’ve sought to grow support for the bill among legislators
and others throughout the country for a while now. There have been meetings and telephone
conversations with legislators and their staff.
In addition, we’ve also spoken with major nonprofit groups and
association executives in education and the philanthropic and business
community on the local and national level. Periodic trips to Washington, D.C.
in large part to grow this support as well as to generate interest in NAEIR in
general have also been conducted.
As I’ve said previously and should come as no surprise to
anyone that spends any time watching network or cable news, reading online news
sources and poring over newspapers, the focus on the domestic front, at all
levels of government is job creation and the national debt. Scarce little attention is being paid to
anything else.
No matter. With your
help and your support of H.R. 2592, we can continue to build on the growing
interest in the bill and its ultimate adoption.
Here’s an easy way to let your legislators know that you support the bill; that may inspire them to do likewise. Go to www.popvox.com. First, you’ll need to register. This will take no time at all and allows
Popvox to automatically determine who your representatives are. Type H.R.
2592 in the search panel on the upper right hand corner. A webpage will appear. You can register support with a click of your
mouse. An email will be sent directly to
your representatives on Capitol Hill. Please ask your friends and colleagues to
do the same.
This is important legislation. One of the great things about this bill is
that it helps both the philanthropic and business communities across the
country.
Thanks for your help.
Questions? Give me a
call or send me an email. I’ll get back
to you ASAP. Here’s how to reach me:
Cruz A. Ramos
VP of Public Affairs
NAEIR
(309)-343-0704 ext. 341
(800)-562-0955 ext. 341
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