Nonprofit blood, bone and tissue banks

From the 2024 DOR Tax Exemption Study

82.04.326 - Organ procurement Description Qualified nonprofit organ procurement organizations receive a B&O tax exemption on income that is exempt from federal income tax. Purpose To extend the same tax treatment available to blood, bone, and tissue banks. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Nonprofit Year Enacted: 2002 Primary Beneficiaries: Nonprofit organizations that locate and obtain human organs for transplant operations Taxpayer Count: Fewer than three Program Inconsistency: None evident JLARC Review: Expedited review completed in 2013 and 2021 2024 Tax Exemption Study Page 80