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1997 SESSION

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SB 50 Sales tax exemption; crisis hotline service.

Introduced by: Virgil H. Goode, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax exemption; nonprofit community and service organizations. Grants a sales and use tax exemption to any nonprofit corporation (i) organized under the laws of the Commonwealth, (ii) operated for the purpose of conducting a 24-hour crisis intervention hotline service, and (iii) exempt from federal income taxation by its participation in a group exemption awarded by the Internal Revenue Service to CONTACT USA, Inc. CONTACT Martinsville--Henry County, Inc., would be among the beneficiaries of the exemption, which applies to both purchases and sales of tangible personal property.


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