HCR 166 Summary

• Urges the Department of Taxation, Department of Human Services, and the United States Internal Revenue Service to enforce section 501(c)(3) Internal Revenue Code requirements regarding excessive compensation to executives of tax-exempt nonprofit organizations providing homeless services.

• Cites the private inurement prohibition which prevents individuals with control over tax-exempt charities from receiving unreasonable benefits or compensation from the organization's income or assets.

• Notes that the State appropriated approximately $63,000,000 for homeless services in previous years without experiencing a reduction in homelessness, with significant portions spent on executive salaries and administrative costs.

• Requires certified copies of the resolution be transmitted to the Commissioner of the Internal Revenue Service, the Director of Taxation, and the Director of Human Services.