Requires the Revenue Laws Study Committee (Committee) to study replacing the requirement for tax‑exempt nonprofit corporations to pay and seek a refund for the sales tax with a sales tax exemption. Requires the study to include any negative effects on county budgets resulting from the inclusion of local sales tax revenues that must be refunded to nonprofit corporations. Requires the Committee to report its findings, together with any recommended legislation, to the 2018 Regular Session of the 2017 General Assembly upon its convening.