Not For Profit/Exempt Organizations Blog
Jo Habenicht

Jo Habenicht

Associate

Yomarie Habenicht is an associate in the Tax Department. She works primarily on U.S. federal corporate, partnership and international tax matters, including mergers and acquisitions, domestic and cross-border financings, debt restructurings and securities issuances. She is also fluent in Spanish.

She earned her J.D. from Boston University, where she was an executive editor of the Review of Banking and Financial Law and co-president of the Latin American Law Students Association. She also earned her LLM in taxation from New York University.

Prior to joining Proskauer, Yomarie worked in the tax services department of a Big 4 accounting firm.

Subscribe to all posts by Jo Habenicht

New York State Codifies the Johnson Amendment

On October 23, 2019, Governor Andrew M. Cuomo, signed legislation incorporating the federal Johnson Amendment into New York law. As previously described, the Johnson Amendment denies tax-exempt status under section 501(c)(3) of the Internal Revenue Code (the “Code”) to (and imposes excise taxes on) any organization that engages in political campaign activities. The new legislation amended … Continue Reading

UPDATE: President Trump Signs “Johnson Amendment” Executive Order Limiting Treasury’s Actions Against Religious Organizations Engaged in Political Campaign Activities

Introduction On May 4, 2017, President Trump signed an executive order that directs the executive branch to limit its enforcement of the “Johnson Amendment.” As previously reported, the Johnson Amendment prohibits organizations that are exempt under section 501(c)(3) of the Internal Revenue Code from engaging in political campaign activities.¹ The executive order limits enforcement of the … Continue Reading

Is It the End of the Johnson Amendment as We Know It?

While speaking at the National Prayer Breakfast on February 2, 2017, President Trump reaffirmed his commitment to repeal the law that restricts organizations that are tax exempt under Section 501(c)(3) of the Internal Revenue Code (“Code”) from engaging in political campaign activities. This law, enacted in 1954, is commonly known as the Johnson Amendment since … Continue Reading
LexBlog