Download
1 / 1
10 likes | 123 Vues
Nonprofit and charitable organizations do not qualify for a blanket exemption from sales or use tax. This means that sales of tangible personal property by these organizations are subject to taxation. Additionally, any purchases made by the organization for supplies are also subject to sales tax. It’s crucial for nonprofits to understand their tax obligations to ensure compliance and avoid penalties. Proper management of sales and use tax can help organizations effectively allocate their resources.
E N D
No Blanket Exemption In general, no blanket exemption from sales or use tax exists for nonprofit or charitable organizations. • The organization’s sales of tangible personal property are subject to tax. • The organization’s purchases of supplies are subject to tax.
