OMB Watch - New Corporate Tax Bill Limits Charitable Deductions

OMB Watch - New Corporate Tax Bill Limits Charitable Deductions: "

New Corporate Tax Bill Limits Charitable Deductions
While conferees rejected last minute efforts to attach provisions of both the CARE Act and the Houses of Worship bill to the corporate tax bill, the legislation sent to the president does contain three provisions of particular interest to the nonprofit sector.
The final bill:
Limits charitable deductions for vehicle donations to the sale price obtained by the charity
Limits the value that taxpayers can claim on the donation of a patent or intellectual property to a charity
Requires increased reporting for non-cash charitable contributions such as property. "