INCREASE EXEMPTION FOR
SALES BY NONPROFITS
House Bill 5298 as introduced
Sponsor: Rep. Lorence Wenke
Committee: Tax Policy
Complete to 12-17-03
A SUMMARY OF HOUSE BILL 5298 AS REPORTED BY THE HOUSE COMMITTEE ON TAX POLICY 12-17-03
Generally speaking, under the General Sales Tax Act, a nonprofit organization with aggregate retail sales in a calendar year of less than $5,000 is not required to charge sales tax when making sales for fund-raising purposes. The bill would increase the threshold to $7,500. The bill would make technical changes as well.
MCL 205.54o
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.