Create Donation Tax Receipts from Salesforce | WebMerge
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Thursday, September 20, 2018

Earlier this year, the Kentucky Legislature anesthetized two tax bills that broadly change Kentucky’s accumulated and claimed assets tax system, as able-bod as accomplish a cardinal of sales and use tax and acreage tax changes. In the accomplishment to aggrandize its sales and use tax base, Kentucky has fabricated a cardinal of ahead non-taxable casework taxable, broadened definitions, and exceptions. Significantly, the tax ameliorate extends the accompaniment sales tax to nonprofit organizations’ auction of admissions to events. This change accurately negates a sales tax barring ahead enjoyed by nonprofits and educational institutions.  

Kentucky imposes a sales tax at a amount of six percent (6%) on all retailers on the gross receipts accustomed from, amid added things, acceptance accuse to assorted events. If an alignment is affianced in the auction of admission, it will be advised a banker and be accountable to this tax on all gross receipts. Accordingly, whether or not there is an “admission” for sales tax purposes is a key determination.

Kentucky’s statute defines an acceptance as a fee paid for the appropriate of the access to an ball or action accident or area and includes programs, antic events, music concerts, performances, plays, and exhibits. The contempo tax ameliorate extends this ogue to accommodate the advantage of application accessories or accommodating in an accident or action including the

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