Michigan HB5318 modifies sales tax exemptions for certain organizations.

Michigan HB5318 amends sales tax exemptions for certain organizations. It exempts sales of tangible personal property and vehicles for fund-raising purposes by schools, churches, hospitals, parent cooperative preschools, and nonprofit organizations with tax-exempt status. The exemption is limited to the first $10,000 of sales in a calendar year if aggregate sales are less than $25,000. The exemption is adjusted annually based on the Consumer Price Index.

Michigan HB5318 modifies sales tax exemptions for certain organizations.

Michigan HB5318 amends sales tax exemptions for certain organizations. It exempts sales of tangible personal property and vehicles for fund-raising purposes by schools, churches, hospitals, parent cooperative preschools, and nonprofit organizations with tax-exempt status. The exemption is limited to the first $10,000 of sales in a calendar year if aggregate sales are less than $25,000. The exemption is adjusted annually based on the Consumer Price Index.