Nonprofit organization fund-raising

From the 2024 DOR Tax Exemption Study

82.04.3651 - Nonprofit organization fundraising Description Amounts received by nonprofit organizations and libraries through fundraising activities for the purpose of furthering the goals of the organization are exempt from B&O tax. Fundraising activities include: - Soliciting or accepting contributions. - Selling goods and services. Fundraising activities does not include the operation of a regular place of business such as a bookstore, thrift shop or restaurant. Purpose To support fundraising activities by nonprofit organizations and libraries. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $212.100 $222.600 $234.700 $247.700 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 $204.100 $234.700 $247.700 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rates mirror the B&O taxable activity growth rates reflected in the Economic and Revenue Forecast Council's March 2023 forecas