Page 27 - July 2019 Conference Program Volume 42 No. 01
P. 27

According to the study, a nonrefundable 25%
        charitable giving tax credit to non-itemizers would
        have the biggest positive effect on both the
        amount donated ($37 billion) and the number of
        donor households (10.6 million) of the five policy
        options analyzed, but would cost the U.S. Treasury
        $33 billion in lost revenue.
        Extending the charitable deduction to non-
        itemizers could generate up to $26 billion in
        additional donations and induce up to 7.3 million
        additional households to donate in 2021, the study
        found. This would reduce Treasury revenue by up
        to $22 billion.

        Researchers estimated that the non-itemizer
        deduction with a modified 1% floor would also              For more than a century Tiffin Scenic Studios has
        have the largest net effect on charitable giving            been designing and manufacturing the safest
        dollars compared with the cost to the Treasury,              equipment in the business, ensuring that you
        bringing in up to $7 billion more than would be lost         can depend on our rigging and drapery for
        in Treasury revenue. But it would also bring in the        years to come. With our sister company, Athletic
        fewest donor households.                                    Performance Rigging, we can collaborate with

        The non-itemizer deduction with a $4,000/$8,000           you to accomplish even your most complex goals.
        cap has the largest potential effect on donors per
        dollar cost to the Treasury, according to the study.      800.445.1546
        This policy would bring in up to 352 new donor            www.tiffinscenic.com
        households per $1 million lost in Treasury revenue.       146 Riverside Drive
        It is the only proposal that would generate fewer         Tiffin, Ohio 44883
        additional charitable dollars than would be lost as
        a result of tax overhaul.
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                                                   43rd National Conference & Theatre Tour      July 2019   INLEAGUE  | PAGE 25
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