Charities
The Opportunity, Balance, and Better Budget Act (OBBBA): Key Changes for Tax-Exempt Organizations
The Opportunity, Balance, and Better Budget Act (OBBBA), enacted on July 4, 2025, introduces significant changes to the tax landscape for tax-exempt organizations. These changes affect tax-exempt private colleges and universities, nonprofit employers, and charitable organizations and their donors. The law expands the scope of the Code section 4960 excise