Tax-Free Sales Days for Nonprofits in Texas

Friday, January 26th, 2018

 
 
Couple shopping.
Share
Link
Texas
General

The Texas Comptroller of Public Accounts recently released information about tax-free sales days for certain nonprofit organizations and their officially recognized chapters.

Each calendar year, organizations that have been granted a sales tax exemption by the Comptroller's office can have two one-day tax-free sales. These sales can last up to 24 consecutive hours each.

During a tax-free sale day, organizations may sell taxable items worth up to $5,000 without collecting tax if the items were either made by or donated to the organizations. Also, organizations may purchase items for a tax-free sales day without paying tax by providing the seller with either a resale or exemption certificate.

https://www.ttrus.com/Tax_Policy_News


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Texas Releases Detailed Guidance on Exempt Organizations

Thursday, October 18th, 2018 -The Texas Comptroller has released a publication that provides detailed information on how sales and use tax a...

Telephone Answering Services Taxable in Arkansas

Tuesday, October 16th, 2018 -The Arkansas Department of Finance and Administration recently ruled that the service of answering calls on be...

Washington Provides Guidance on Lodging Tax for Online...

Friday, October 12th, 2018 -The Washington Department of Revenue released updated guidance that provides tax reporting information for bed...

Economic Nexus in West Virginia

Wednesday, October 10th, 2018 -The West Virginia State Tax Department announced that it will require remote sellers to begin collecting sales...

Idaho Provides Guidance on the Exemption for Medical...

Monday, October 8th, 2018 -The Idaho State Tax Commission recently released guidance that explains Idaho's sales and use tax laws for buy...

Arkansas Does Not Follow Federal Law on Foreign Income

Friday, October 5th, 2018 -The Arkansas Department of Taxation and Finance recently released an opinion that says the state does not conf...