Nonprofit litter reduction grant income

From the 2024 DOR Tax Exemption Study

82.04.750 - Restaurant employee meals Additional Additional Information Information Category: Business Year Enacted: 2011 Primary Beneficiaries: Restaurants Taxpayer Count: 20,144 Program Inconsistency: None evident JLARC Review: Expedited review completed in 2022 2024 Tax Exemption Study Page 253 82.04.755 - Nonprofit litter reduction grant income Description Grants received by local governments and nonprofit organizations from the waste reduction, recycling, and litter control account are exempt from B&O tax. Purpose To promote local and statewide education programs designed to help the public with litter control, waste reduction, recycling, and composting. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal 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 Minimal Minimal Minimal 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. - Grant amounts remain cons