a)Repeal of Capital Expenditure Rule
•Repealed 80% DQ
•Repealed 80% DQ related concepts
–Enduring property (including ten-year gifts)
–Capital gains pool
–Specified gifts
b)Modification of Capital Accumulation Rule
•Increased threshold for 3.5% DQ to $100,000 for charitable organizations (remains at $25,000 for foundations)
•Purpose
- reduce compliance burden on small charitable organizations and
provide them with greater ability to maintain reserves to deal
with contingencies
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