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2007 SESSION

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HB 2545 Retail Sales and Use Tax; exemptions include nonprofit entities.

Introduced by: Clarke N. Hogan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Sales and use tax exemption; nonprofit entities.  Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts of at least $1 million to provide the Department of Taxation with a financial audit performed by an independent certified public accoutant and those with annual gross receipts between $750,000 and $1 million to provide the Department with a financial audit or a financial review by an independent certified public accountant.


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