Amends GS 105-164.4G, which taxes gross receipts derived from an admission charge to an entertainment activity, to exempt from the tax events held by a nonprofit exempt from tax under Article 4 (income tax) of GS Chapter 105 solely for fundraising purposes for the entity. Applies to admission charges for entertainment activities held on or after July 1, 2021.
NONPROFIT FUNDRAISING SALES TAX EXEMPTION.
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| View NCGA Bill Details(link is external) | 2021 |
AN ACT TO EXEMPT CERTAIN FUNDRAISING EVENTS BY NONPROFITS FROM SALES TAX.Intro. by Davis, Burgin.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 1 2021)
Bill History:
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Wed, 31 Mar 2021 Senate: Filed(link is external)
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Thu, 1 Apr 2021 Senate: Passed 1st Reading(link is external)
S 440
Bill Summaries:
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Bill S 440 (2021-2022)Summary date: Mar 31 2021 - View Summary
View: All Summaries for Bill