News That Matters to Us: "Tax changes leave auto donations on the side of the road
By Richard Slawsky, Contributing Writer
November 22, 2004
Charities that depend on sales of donated cars to finance their activities may find themselves running low on gas after the first of the year.
Beginning Jan. 1, the tax breaks that have long fueled the donation of cars to will be eliminated, and the people who used those donations to get a tax break will no longer be getting a free ride.
'This is definitely going to affect us, but we don't know how seriously at this point,' said Buzzy Gaiennie, executive director of Bridge House, an alcoholism and drug addiction treatment center. 'We may need to start looking at doing some things differently down the road to make up for that lost income.' "
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