KY Governor Matt Bevin has lifted the burden from thousands of Kentucky nonprofits that have been collecting 6% sales tax for ticket sales and items sold for fundraising purposes. An emergency clause in House Bill 354 enabled the amendment to KRS 139.010 to take effect as soon as the Governor signed it March 26.
“Our nonprofit clients are relieved by this news,” remarked Kelly Holden, DBL Law Nonprofit Group practice leader. “Since the passage of House Bill 487 took effect July 1, 2018, most have been forced to collect additional fees to ensure their fundraising efforts remained viable to those they serve.”
Full details can be found at https://apps.legislature.ky.gov/recorddocuments/bill/19RS/sb59/orig_bill.pdf« Back to news