HB164 Summary

• Establishes a one-time grace period through September 30, 2018, for united appeal fund entities and supported charities to obtain or renew certificates of exemption from the Department of Revenue under the Tax Exemption Reform Act of 2017.

• Allows united appeal funds that satisfied definitional requirements as of July 1, 2017, but failed to acquire or maintain exemption certificates or lost certificates due to late information reporting to comply during the grace period.

• Requires eligible united appeal funds to have previously held a sales and use tax Certificate of Exemption and provided more than de minimis funding to supported charities as of July 1, 2017.

• Requires eligible supported charities to have satisfied definitional requirements and received more than de minimis funding from a qualified united appeal fund as of July 1, 2017.

• Prohibits refunds for purchases or transactions made during periods when a certificate of exemption was not in effect, regardless of whether the entity qualifies for the grace period.