LOUISIANA SALES TAX & NON-PROFIT ORGANIZATIONS



Similar documents
Sales Tax Exemptions for Nonprofit Organizations

Introduction to Tax-Exempt Status

2. Corporations Fully Exempt These corporations qualify for the full income tax exemption:

INFORMATION BULLETIN #10 SALES TAX APRIL (Replaces Bulletin #10 dated June 2008)

Exempt Organizations: Sales and Purchases

IOWA DEPARTMENT OF INSPECTIONS AND APPEALS SOCIAL AND CHARITABLE GAMBLING LICENSE APPLICATION

Comptroller of Public Accounts. Exempt Organizations, Texas Sales Tax and Fundraisers

JAMISON MANAGEMENT AND DEVELOPMENT HC 68, Box 79-S, Gila Hot Springs, Silver City, New Mexico

Georgia Sales and Use Tax Issues For Nonprofits Organizations. April 14, 2009

CHAPTER 33 GAMBLING. The outcome is not in the control to any material degree of any person other than the player or players.

SALES AND USE TAX TECHNICAL BULLETINS SECTION 17

How To Account For A 501(C) Organization

Sales Tax and the Not-for-Profit Organization

CHAPTER 9 Charitable Giving

6#:(#%65. From the State of Hawaii, Department of Taxation

California Franchise Tax Board

BULLETIN. School Fundraisers and Texas Sales Tax S A L E S A N D U S E T A X. Two One-Day Tax-Free Sales. July 2009

Comptroller of Public Accounts

REVENUE ADMINISTRATIVE BULLETIN Approved: June 10, 2002 SALES AND USE TAX EXEMPTIONS AND REQUIREMENTS

Business tax tip #4 If You Make Purchases for Resale

Sales and Use Taxes: Texas

In order to be afforded the sales tax exemptions, various certificates should be presented:

Title 35 Mississippi State Tax Commission. Part IV Sales & Use. Sub Part 13 General

Sales Tax Informative Fact Scenarios

PRIVATE FOUNDATION CAUTION: The purposes of this memorandum are to assist you, the directors of your private foundation, and your accountant in:

Tax Compliance for External Income-Generating Activities Appendix C UBI EXAMPLES FROM THE IRS

Comptroller of Public Accounts

SCHOOL BOARD OF BROWARD COUNTY, FL INTERNAL FUNDS ACCOUNTING SALES AND USE TAXES

INFORMATION BULLETIN #68 SALES TAX FEBRUARY (Replaces Information Bulletin #68 dated January 1998)

Arizona Form 2007 Exempt Organization Business Income Tax Return 99T

SENATE BILL No. 372 page 2

SUBCHAPTER XI. GENERAL POLICE REGULATIONS.

Florida Senate SB 980

Income Tax Guide to the Non-Profit Organization (NPO) Information Return

Application for Sales and Use Tax Exempt Status

Business Organization\Tax Structure

Applying for 501(c)(3) Tax-Exempt Status

Internal Revenue Service Tax Exempt and Government Entities Exempt Organizations. Applying for 501(c)(3) Tax-Exempt Status

Veterans Organizations: Help from the IRS on Key Issues. Cheryl Teser & Peter Lorenzetti Exempt Organizations

Section 1: Georgia Sales and Use Tax Principles Presented by Ned A. Lenhart, CMI, CPA

CHAR410, CHAR410-A, CHAR410-R

Operating an IRS-Compliant Gymnastics Booster Club

2013 ATHENS INSTRUCTIONS

TENNESSEE DEPARTMENT OF REVENUE REVENUE RULING # WARNING

Taxable profits from unrelated business

Missouri Lottery Winner Claim Form Official Missouri Lottery Claim Form

ENGROSSED HOUSE By: Deutschendorf of the House. ( revenue and taxation amending 68 O.S., Section definitions - Sales Tax Code effective

Part 5. Tax Credits for Qualified Business Investments (Repealed effective for investments made on or after January 1, 2013)

FORM NP OCCUPATIONAL LICENSE TAX NET PROFIT RETURN

Mutual Benefit Corporation May be formed for any lawful purpose (e.g., Homeowner s Association).

NOTICE OF RULE DEVELOPMENT. Sales of Several Items to the Same Purchaser at the Same Time. Refunds and Credits for Sales Tax Erroneously Paid

Income Tax Issues Affecting Small Nonprofit Organizations

Fundraising Events and Cause-Related Marketing

Georgia State Tax Reporter, , Georgia, Nonprofit Organizations, Private Schools, and Churches

Business tax tip #6 Retail Sales Involving Exemption Certificates

CHAPTER III THE INCIDENCE, LEVY AND RATE OF TAX. 9. There shall be levied in accordance with the provisions of this Act,

Raffle/Bingo License Instructions

Booster. Clubs and ASB. Is it an ASB or Booster Club Project?

Income Tax Issues Affecting Small Nonprofit Organizations

SALES TAX FLOW CHART PURCHASES. Campus & Student/Faculty. Club Fundraising Sales Items SALES

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns

Montana Department of Revenue. Withholding Tax Guide

SALES AND USE TAX GUIDE FOR AUTOMOBILE AND TRUCK DEALERS

Ministry Of Finance VAT Department. VAT Guidance for Charities, Clubs and Associations Version 4: November 1, 2015

Business Organization\Tax Structure

2015 NEVADA TAX REFORMS. Commerce Tax, Modified Business Tax, Business License Fee

SC PRIVATE LETTER RULING #07-7. Sales of Photograph Prints via an Internet Website (Sales and Use Tax)

Comparison of the Requirements Applicable to Delaware Public Benefit Corporations ( PBCs ), B Corporations, and 501(c)(3) Tax-Exempt Entities

A Guide to Sales Tax in New York State for Exempt Organizations

ARIZONA TRANSACTION PRIVILEGE TAX AND USE TAX

Yes. Although incorporation is often associated with a formal business enterprise, Not-For- Profit organizations also can incorporate.

501 (c)(3) TAX EXEMPTION

Transcription:

LOUISIANA SALES TAX & NON-PROFIT ORGANIZATIONS A Brief Overview of the Louisiana Sales Tax Laws and How they Apply to Non-Profit Organizations Presented by Cary B Bryson Bryson Law Firm, L.L.C.

Sales Taxes: The Basics Sales Tax: a tax imposed on retail transactions; it typically applies to all retail sales of tangible personal property and on some services deemed taxable by the state Sales tax is generally payable by the users, consumers, lessees, and persons receiving services that are taxable by law If a seller qualifies as a dealer by law, they must apply for a sales tax certificate, collect sales tax, file sales tax returns, and remit sales taxes owed. (R.S. 47:301(4)) Examples include those who: Sell/rent tangible personal property in the state Furnish services in the state (taxable under statute) Hold property in the state for resale Maintain a business location in the state Have salesmen/agents in the state

Sales Taxes: The Basics Sales and use taxes are collected by the people who are in the business of making retail sales of tangible personal property or service providers selling taxable services The DEALER, however, is not the taxpayer. The taxpayer is the consumer buying the tangible personal property or the taxable service. Taxes are paid by the CONSUMER. It is the DEALER s obligation to collect and remit the tax

Sales Tax: The Basics Sales tax is generally due on the sales price for transactions subject to sales tax. The taxable base is: The total amount the property was sold for, plus the cost of any services rendered in connection with the sale The gross amount of rental of tangible personal property The gross amount charged for taxable services

Sales Tax Compliance As of April 1, 2016, the sales tax rate is 5% 4.97% is for state sales tax.03% is for a Louisiana Tourism Promotion District sales tax NOTE: certain transactions are taxed at a different rate (R-10002) Sales tax returns and payments are due on the 20 th of each month following the close of the calendar month The 2016 interest rate on sales tax not paid by the deadline is. 5833%/month (7% per year) (R.S. 47:1601) A late filing penalty of 5% of the tax accrues if a sales tax return is filed less than 30 days past the deadline; another 5% accrues for each additional 30 days that pass, never to exceed 25% (R.S. 47:1602) A late payment penalty of 5% of the tax not paid accrues each 30 days that the failure to pay continues, not to exceed 25% (R.S. 47:1602)

Non-Profits: The Basics Non-Profit Organizations exist to provide a public benefit, whether charitable, educational, for health care, etc. Although, like for-profits, non-profit organizations can also generate profits, the difference is in how the organization is organized and operated Organizational Differences: not owned by any individual or forprofit business Operational Differences: operated for public purposes and the net earnings are devoted to public purposes, not private interests A non-profit s profit generally comes from donations, membership fees, program service fees, etc.

Non-Profits: The Basics There are many different types of non-profit entities, including: 501(c)(2)- Title Holding Corporation for Exempt Organization 501(c)(3)- Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations 501(c)(4)- Civic Leagues, Social Welfare Organizations, Local Associations of Employees 528- Homeowners Associations 501(c)(5)- Labor, Agricultural, and Horticultural Organizations 501(c)(6)- Business Leagues, Chambers of Commerce, Real Estate Boards 501(c)(7)- Social and Recreational Clubs 501(c)(8)- Fraternal Beneficiary Societies and Associations 501(c)10)- Domestic Fraternal Societies and Associations

Non-Profit Organizations & Tax Obligations Once a non-profit organization has received IRS tax-exempt status (An IRS Form 1023 has been approved by the IRS), in addition to exemption from federal income taxes, qualifying non-profit organizations can also be exempted from certain Louisiana state tax obligations also If a non-profit is exempt from paying federal income taxes, it is typically also exempt from paying Louisiana state income taxes Exemption from parish property taxes for certain exempt organizations is provided for in the State Constitution NOTE: There are NO general exclusions/exemptions from sales tax, only specific laws NOTE: Louisiana does require that income taxes are collected on unrelated business taxable income (income derived from the conduct of a trade or business, not income substantially related to the exempt function)

Non-Profits and Sales & Use Taxes in Louisiana Non-Profits, other than those with specific exemptions for particular purposes, will typically pay sales taxes on transactions in which the non-profit was the CONSUMER of the good or services purchased However, under Acts 25 and 26 of the 2016 First Extraordinary Session of the Louisiana Legislature, many exemptions have been suspended When the non-profit organization is the DEALER, Louisiana generally offers many exclusions/exemptions from the requirement that the organization collect sales tax IMPORTANT TO NOTE: Again, under Acts 25 and Acts 26, many exemptions/exclusions have been suspended

Changes to Sales Tax Exemptions/ Exclusions There were several exemptions/exclusions available to nonprofits on the sale of certain tangible personal property; tax now must be collected on these transactions Public and private school lunches served under the National School Lunch and School Breakfast Programs will not be required to collect sales tax, nor will those in which the fees were included in tuition; however, if food service is billed separately and is NOT served under the above-listed program, sales taxes must be collected (Revenue Information Bulletin 16-024) Exemptions/exclusions for sale of admissions tickets to fundraisers, performances, and entertainment events have been suspended (amusement, entertainment, athletic, or recreational facilities)

Changes to Sales Tax Exemptions/ Exclusions Admission to educational events are NOT taxable Dues collected to gain access to a club that does NOT have a physical facility is NOT taxable; they ARE if the club does have a physical facility and the dues are in consideration to gain access to the club (Revenue Information Bulletin No. 16-014) Food donated to a food bank will still be considered valueless for use tax purposes (Revenue Information Bulletin No. 16-026)

Specific Examples from Acts 25 and 26 47:301(6)(b)- room rentals at camp and retreat facilities owned by non-profit organizations UNLESS guests participate in the nonprofit activity (5% total tax until 6/30) 47:301(6)(c)- room rentals at certain homeless shelters when room rental charge is less than $20/day (5% total tax until 6/30) 47:301(8)(d)- sales of bibles, songbooks, literature used for religious classes by churches and synagogues (5% total tax until 6/30) 47:305.13: Sales of admissions to entertainment events sponsored by domestic nonprofit charitable, religious and educational organizations (5% total tax until 6/30) 47:305.59- purchases of construction materials by Habitat for Humanity affiliates for use in constructing new residences (5% total tax until 6/30) 47:301(13)(l)- specialty items sold to members for fundraising purposes by nonprofit carnival organizations participating in a parade sponsored by a carnival organization (5% until 6/30)

Specific Examples from Acts 25 & 26 47:305.40- specialty items purchased by carnival and nonprofit organizations sponsoring a Mardi Gras parade (5% total tax until 6/30) 47:305.42- tickets to dance, drama or performing arts performance sponsored by domestic nonprofit organizations (5% total tax until 6/30) 47:305.18- all outside gate admissions and parking fees at fairs and festivals sponsored by nonprofit organizations (5% total tax until 6/30) 47:305.14(A)(1)(a)- sales of newspapers by certain nonprofit organizations (5% total tax until 6/30) 47:301(14)(b)(i)- admission charges to athletic events (5% total tax until 6/30) 47:301(14)(b)(i)- membership fees or dues of nonprofit, civic associations including the YMCA, CYO, and YWCA (5% total tax until 6/30)

Issue: Is this a Taxable Service? There is an argument to be made that certain laws recently put in place taxing admission/dues are NOT a taxable service LDR has taken the position that these specific, definable admissions are an otherwise taxable service but for an exemption/exclusion; however, it is arguable that because services are not taxable under the law in the first place unless specifically defined as taxable, specific references to them now should not add an otherwise nontaxable service to the tax rates now

Personal Liability Issues If an organization is required to collect sales tax and the organization does not remit the necessary taxes timely, certain individuals can become personally liable for the taxes owed