Welcome


Law should be interactive.

Rabbit Crowd Library is an experiment in enabling people to interact with the law directly without bias.

Give law accountability. Use - , and to comment and respond to text you agree and disagree with.

0
0
0
Rs 47:306.5 Annual Reporting Requirement

§306.5. Annual reporting requirement

A.(1) Notwithstanding any provision of law to the contrary, transactions listed in

Subsection B of this Section involving sales of tangible personal property or services that are

not subject to state sales and use tax pursuant to the exclusions and exemptions provided by

law shall be subject to an annual reporting requirement based on transactions occurring

during the previous fiscal year, beginning on July first of the preceding year and ending on

June thirtieth of the current year.

(2) The annual report shall include all of the following information:

(a) The name of the organization.

(b) The federal and state tax identification numbers of the organization.

(c) Annual gross sales of tangible personal property or services that are not subject

to state sales and use tax pursuant to the exclusions and exemptions provided for in

Subsection B of this Section.

(d) Any additional information required by the secretary that is necessary to

determine the annual sales tax revenue loss to the state related to the exclusion or exemption

as required by R.S. 47:1517.

(3) The annual report is due on the thirtieth day of September of each year.

(4) The annual report shall be submitted electronically to the secretary on a form

provided by the secretary.

B. The transactions listed in this Subsection shall be subject to the annual reporting

requirement.

(1) Sales of room rentals by a camp or retreat facility owned by a nonprofit

organization as provided in R.S. 47:301(6)(b).

(2) Sales of room rentals by a homeless shelter as provided in R.S. 47:301(6)(c).

(3) Sales by a nonprofit entity which sells donated goods as provided in R.S.

47:301(8)(f).

(4) Sales of food items by a youth-serving organization chartered by the United

States Congress as provided in R.S. 47:301(10)(h).

(5) Sales by a parochial or private elementary or secondary school that complies with

the court order from the Dodd Brumfield decision and Section 501(c)(3) of the Internal

Revenue Code as provided in R.S. 47:301(18)(e).

(6) Sales of admissions to athletic and entertainment events as provided in R.S.

47:301(14)(b)(i), but only for events held for or by an elementary or secondary school.

(7) Sales of memberships by and dues paid to a nonprofit civic organization as

provided in R.S. 47:301(14)(b)(i).

(8) Sales of meals by an educational institution, medical facility, or mental

institution, or occasional meals furnished by an educational or medical organization as

provided in R.S. 47:305(D)(2).

(9) Sales of admissions to entertainment events by a little theater organization as

provided in R.S. 47:305.6.

(10) Sales of admissions to musical performances by a nonprofit organization as

provided in R.S. 47:305.7.

(11) Sales of admissions to entertainment events sponsored by a domestic nonprofit

charitable or educational organization as provided in R.S. 47:305.13.

(12) Sales of admissions to, parking fees charged at, and tangible personal property

sold at events sponsored by a nonprofit organization as provided in R.S. 47:305.14(A)(1).

(13) Sales of admissions to and parking fees charged at fairs and festivals sponsored

by a nonprofit organization as provided in R.S. 47:305.18.

C. Notwithstanding any contrary provision of this Section, the annual reporting

requirement shall not apply to nonprofit entities and their affiliates that have been granted

an exemption from federal income tax pursuant to Section 501(c)(3) of the Internal Revenue

Code.

Acts 2016, 2nd Ex. Sess., No. 6, §1, eff. July 1, 2016.

Share this law:
Facebook Twitter LinkedIn Pinterest Reddit
Local Government
Louisiana
3
8
0
John Bel Edwards
John Bel Edwards
January 11, 2016 -
Democratic
1-225-342-4404
900 North 3rd Street, Baton Rouge, LA, 70802

Keywords
sales
annual
tax
nonprofit
organization
exemption
reporting
requirement
subject
personal