November 2, 2001
White House and Senate May Enact Tax Plan That Would Benefit Colleges
Tax breaks that would make it easier for colleges to solicit donations could still become law this year if President Bush and the Senate can agree on legislation to bolster faith-based groups and other charities.
College lobbyists and Senate aides say they hope the Bush administration will be able to announce a compromise plan in November that would include tax benefits that college officials have advocated, such as a provision that would allow people age 591/2 and older to take money
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