Today, August 17 is acknowledged as a National Nonprofit Day (NND)!
On August 17, 1894, the Tariff Act enforced the first federal income tax on corporations, which incorporated exemptions for nonprofit corporations and charitable institutions. Many things have changed since then, but nonprofit exemptions remain, and nonprofit organizations benefit our society in numerous ways.
On August 17, 1894, the Tariff Act enforced the first federal income tax on corporations, which incorporated exemptions for nonprofit corporations and charitable institutions. Many things have changed since then, but nonprofit exemptions remain, and nonprofit organizations benefit our society in numerous ways.
