The bill amends the General Sales Tax Act to provide specific exemptions for sales of tangible personal property by certain nonprofit organizations, including schools, churches, hospitals, and veterans' organizations. It establishes that sales for fundraising purposes by these entities are exempt from sales tax, with a cap of $75,000 in aggregate sales for each individual fundraising event, which will be adjusted for inflation annually. Additionally, it clarifies that affiliated clubs or organizations are not considered separate entities for the purpose of these exemptions.

Furthermore, the bill modifies the existing exemptions for sales of tangible personal property not for resale, specifying that organizations must present appropriate documentation to qualify for tax exemption. The sales price limits for exempt items have been increased to $60,000 for tangible personal property and $75,000 for vehicles, also subject to annual inflation adjustments. The bill includes definitions for terms such as "active duty," "armed forces," and "consumer price index" to ensure clarity in its application.

Statutes affected:
House Introduced Bill: 205.54