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ND HB1278

Bill

Official Source

Status

Introduced

1/13/2015

Primary Sponsor

Alan Fehr

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Adds new sales tax exemption for organizations with 501(c)(3) or 501(c)(19) tax-exempt status under the Internal Revenue Code
  • Exemption applies only when sales are not used for purposes subject to unrelated business income tax under IRC section 512
  • Requires organizations to obtain a certificate of exemption from the commissioner and present it to retailers when claiming the exemption
  • Effective for taxable events occurring after June 30, 2015

Legislative Description

A sales tax exemption for purchases by certain charitable nonprofit organizations; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 26 nays 65

2/12/2015

Committee Referrals

Finance and Taxation1/13/2015

Full Bill Text

No bill text available