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Save Organizations that Serve America Act Introduced

by Sarah Skillin Woodard

On March 27, 2020, Representatives Seth Moulton (D-MA) and Brian Fitzpatrick (R-PA) introduced new legislation that would provide badly needed emergency funding for the nonprofit sector. The Save Organizations that Serve (SOS) America Act would also lift the cap on charitable giving and create a universal deduction.

Reps. Moulton and Fitzpatrick are also advocating for nonprofits of any size to qualify for Small Business Administration (SBA) loans like the Paycheck Protection Program (PPP) or the Economic Injury Disaster Loan/Grant (EIDL).

The SOS America Act would:

  • Expressly provide charitable nonprofits with $60B for any emergency funding proposals. The bill provides for $60 billion in emergency support for charitable nonprofits and a mechanism to rapidly infuse cash to those organizations serving immediate needs in communities facing lost and declining revenue due to the pandemic.
  • Create a robust universal charitable deduction. Improves the proposed above-the-line charitable deduction of the CARES Act (which set a $300 cap) by significantly raising the cap and allowing all taxpayers to immediately claim the deduction on their 2019 taxes and beyond.

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