This bill amends K.S.A. 2025 Supp. 79-3606 to provide a sales tax exemption for purchases made by Sevendays Inc., including all sales of entry or participation fees, charges, or tickets for fundraising events. The intent is to support Sevendays Inc.'s fundraising efforts by allowing more funds to be allocated towards their initiatives. Additionally, the bill repeals the existing section of K.S.A. 2025 Supp. 79-3606, indicating a significant restructuring of the exemptions currently outlined in the law.

Furthermore, the bill introduces various amendments to existing tax exemptions for nonprofit organizations, specifying that sales of tangible personal property and services purchased for specific purposes, such as community services and educational facilities, will be exempt from sales tax. It outlines requirements for contractors working on these projects, including obtaining exemption certificates and maintaining records for audits. The bill also includes provisions for refunds of sales tax paid on qualifying purchases made prior to the bill's effective date and establishes penalties for misuse of exemption certificates. Overall, the legislation aims to streamline the tax exemption process for nonprofits while ensuring compliance with tax regulations.

Statutes affected:
As introduced: 79-3606