2002 Senate Bill 1432

Introduced in the Senate

Sept. 19, 2002

Introduced by Sen. Joanne Emmons (R-23)

To exempt from sales tax up to $7,500 in aggregate annual retail sales made by a nonprofit organization, rather than $5,000 under current law. The bill also would replace the current statutory sales tax rounding formula with one promulgated by Department of Treasury regulation.

Referred to the Committee on Finance