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.
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