MI HB5913

Extends sales tax exemption for tangible personal property to organizations exempt under Internal Revenue Code Section 501(c)(19), in addition to existing 501(c)(3) and 501(c)(4) exempt organizations.

Limits sales tax exemption for property used to raise funds to $5,000 per item for 501(c)(3) and 501(c)(4) organizations, and $25,000 per item for 501(c)(19) organizations.

Requires organizations to present either an exemption ruling letter from the state or a signed statement on a department-approved form certifying that purchased property will be used for the organization's stated purposes or fund-raising activities.

Restricts exemption to property actually used to carry out the organization's stated purposes or raise necessary funds, with exempt use limited to a reasonable percentage of total use as approved by the department.

Takes effect 90 days after enactment.