Exempts sales and compensating use tax for goods under $2 sold for fundraising by school-based volunteer organizations.

The bill amends the tax law to grant a sales and compensating use tax exemption for any item sold for under two dollars and for the purpose of fundraising organized by school-based volunteer organizations. This exemption applies when no third-party vendor collects a sales or compensating use tax through such sales. The affected organizations include parent-teacher associations, student organizations, booster clubs, or similar groups supporting educational or extracurricular activities for students in grades K through twelve. The change takes effect on January 1 following the bill's enactment.

Exempts sales and compensating use tax for goods under $2 sold for fundraising by school-based volunteer organizations.

The bill amends the tax law to grant a sales and compensating use tax exemption for any item sold for under two dollars and for the purpose of fundraising organized by school-based volunteer organizations. This exemption applies when no third-party vendor collects a sales or compensating use tax through such sales. The affected organizations include parent-teacher associations, student organizations, booster clubs, or similar groups supporting educational or extracurricular activities for students in grades K through twelve. The change takes effect on January 1 following the bill's enactment.