White House Explains Smaller Nonprofit Tax Credits in Jobs Bill

The White House says that President Obama’s jobs bill would allow nonprofits to get several tax credits designed to encourage employers to hire veterans and the long-term unemployed.

However, when nonprofit experts examined the legislation’s fine print, they discovered that the dollar amounts available to tax-exempt organizations are about two-thirds of those available to other employers.

Independent Sector, a coalition of charities and foundations, said it would push to make the “full value” of the credits available to nonprofits.