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Book Donations and the Katrina Emergency Tax Relief ActThe Senate Finance Committee’s Hurricane Katrina Tax Relief Act of 2005 allows publishers to donate books to schools and libraries affected by Hurricane Katrina, and to write off the fair market value of their donations. As of Monday, September 19, the House Ways and Means Committee was working on its own version of the tax relief package. That version did not include the Senate’s book donation provision, which would lift the obstacles in the tax code to the charitable donation of books to schools and libraries. Key members of the House Ways and Means Committee are still considering the book donation provision, which would make it easier for members of the Association of Educational Publishers (AEP) to fulfill the unprecedented number of donation requests publishers have received from schools and libraries devastated by Hurricane Katrina. Last week, AEP began participating in a grassroots lobbying effort to convince key members of the House Ways and Means Committee to adopt the Senate’s book donation provision. The committee is still considering adopting the provision, or a compromise version of the provision, according to Congressional staffers. In the wake of the Hurricane Katrina, publishers are among the many individuals and organizations seeking to donate items to schools and libraries in the Gulf Region. The House adoption of the Senate’s book donation provision of the tax relief package would allow publishers to increase their already generous donation of materials to school affected by this tragedy. Action needed: AEP members should have schools and libraries they are working with contact Congressional Representatives or Senators and urge them to pass the Senate version of the Katrina Emergency Tax Relief Act. This is important not only to the schools and libraries, but to the small businesses interested in donating educational materials to schools devastated by Hurricane Katrina. Questions, ideas, or in need of more information? Please contact Stacey Pusey at 302-295-8349. |
The House Ways and Means Committee
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© 2011 The Association of Educational
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