Introduced
by
To exempt from sales tax charitable auction sale proceeds that exceed the fair market price of an item.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that limits it to auctions in 2006, 2007, and 2008, and gives the non-profit charitable organization the option of paying sales tax on either the winning bid price, or the fair market value of the auction item if it were less than the winning bid price. Also, the organization would have to provide a certification of fair market value.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To exempt from sales tax during in 2006, 2007, and 2008 the proceeds from charitable auction sale items that exceed the fair market price of an item.
Referred to the Committee on Tax Policy
