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For week ended August 01, 1999 Posted 7 Aug 1999

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LDS Church lobbying for tax cut (Mormon Choir Joins Big Bird to Lobby For GOP Proposed Tax Break Measure)

Summarized by Kent Larsen

LDS Church lobbying for tax cut (Mormon Choir Joins Big Bird to Lobby For GOP Proposed Tax Break Measure)
Salt Lake Tribune (Wall Street Journal) 30Jul99 C6
By Greg Hitt: Wall Street Journal

WASHINGTON -- A proposed $792 billion tax-cut has drawn the lobbying efforts of the LDS Church along with a number of other tax-exempt groups, in an effort to make sure the measure includes a $110 million provision benefiting the for-profit entities of tax-exempt organizations. The Church has joined a coalition that includes the Children's Television Workshop, the PGA Tour and other generally tax-exempt organizations.

The provision, which would cost the government $110 million over 10 years, seeks to relieve the tax-exempt organizations from a 1997 provision meant to curb abusive transactions between the tax-exempt organizations and their for-profit subsidiaries. The coalition of tax-exempt groups believes that the provision is this wide in error, "The net was cast too broadly," said Daniel Victor, general counsel for the Children's Television Workshop.



Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information