1. Changes in Tax Regulations for Charitable Contributions from Sporting Events Identifier: CAC_CC_047_1_3_31_0001 Contributing Institution: Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK Collection: George B. Schwabe Collection Title: Changes in Tax Regulations for Charitable Contributions from Sporting Events Date: 1946-04-22 Creator: Schwabe, George Blaine, 1886-1952 Topic: Taxation--Law and legislation--Oklahoma, Education--United States Congress: 79th (1945-1947)
![["The document from Mr. Schwabe to Mr. Bovaird discusses the change in policy of the Commissioner of Internal Revenue regarding the treatment of proceeds from sporting events conducted for charitable organizations. The document explains that while the previous practice allowed for the entire net proceeds to be given to charities during the war, the current policy requires racing associations to include the proceeds in their gross income but allows for deductions for contributions to charitable organizations. The reasoning for this change is explained to be due to the end of the war emergency. Mr. Schwabe expresses willingness to provide further assistance and information on the matter."]](https://jones-2.s3.amazonaws.com/George%20B.%20Schwabe%20Collection%20/CAC_CC_047_1_0000_0000_0000-79th%20Congress,%201945-1947/%20CAC_CC_047_1_3_31_0000-Internal%20Revenue,%201945-1946/%20CAC_CC_047_1_3_31_0000-Thumbnails/CAC_CC_047_1_3_31_0001_thumbnail.jpg "Changes in Tax Regulations for Charitable Contributions from Sporting Events")