Tuesday, March 02, 2010
The Arts - State and Local Government See Taxing Potential
The reason I bring this us is because there are so many not-for –profit organizations that provide vital funding for many art programs and grants for artists and in some instances these charitable organizations may be the target of legislators looking for new tax revenue sources. This concern is not just conjecture but actually happening in some instances. A few examples of this:
In Hawaii a bill would require charities to pay a 1 percent tax.Neighboring state of Kansas would subject charities to sales tax; would remove property tax exemptions from non-profits and Pennsylvania would remove property tax exemptions from non-profits.
Artists need to be alert to such possibilities in their own states and municipalities and not allow their state and local governments to move in this direction without expressing their concerns. Yes, these are difficult times. Charitable Foundations that support the arts/artists are feeling the pinch like everyone else.