Maryland SB403 exempts sales and use tax for elementary and secondary school book fairs.
Maryland SB403 amends the state tax code to exempt sales and use tax for book fairs held by elementary and secondary schools and nonprofit parent-teacher organizations. The bill ensures that the proceeds from these book fairs are used solely for educational benefits of the school or its students. This change applies to book fairs held on school premises and those conducted under agreements with organizations for a percentage of gross receipts.
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