This rule provides for more accurate accounting of property owned by your nonprofit. The IRS also has special rules regarding quid pro quo donations. A quid pro quo donation is a charitable contribution in which the donor receives some good, typically of lesser value, in exchange for the contribution.
Property Assessed Clean Energy (PACE) financing is a financing option available to Los Angeles County property owners fund energy efficient, water-saving and renewable energy upgrade projects through an assessment on their property tax bills.
Bipartisan legislation to restore PACE programs will be introduced in the U.S. Congress House of Representatives on Wednesday, July 20, 2011. The Bill is sponsored by Congresswoman Nan Hayworth (R-NY), and Congressmen Dan Lungren (R-CA) and Mike Thompson (D-CA), and a draft can be downloaded here.hat the Media Has to Say. PACE has garnered a lot of attention from the media. We encourage everyone to read about this important piece of legislation and see what is has done in other states. Below is a link to an article in the South Florida Business Journal.