MI HB5595

Expands sales tax exemptions for nonprofits to include prepared food sold for fundraisers or organized events, exempting such sales without regard to existing price caps or use limitations.

Maintains existing exemptions for organizations exempt under Internal Revenue Code sections 501(c)(3), 501(c)(4), and 501(c)(19) for property used to carry out organizational purposes or raise funds.

Preserves price caps on fundraising property sales of $5,000 for 501(c)(3) and 501(c)(4) organizations and $25,000 for 501(c)(19) organizations, but exempts prepared food from these caps.

Requires nonprofits claiming exemptions to present either a signed exemption ruling letter from the Department or an approved statement indicating the property qualifies for exemption and the organization has valid exempt status.

Defines "prepared food" by reference to section 4g of the General Sales Tax Act.