Hot Topic for Wisconsin Nonprofits – Expansion of Occasional Sales Rules
Jan 24, 2017
By: Linda J. Feirn
In April 2016, Governor Walker signed into law an expanded occasional sale exemption that applies to nonprofit organizations. The provisions of the law took effect on January 1, 2017. Under the new law, fewer Wisconsin nonprofit entities will be required to obtain a Wisconsin seller’s permit and collect sales tax on their taxable sales. Certain nonprofit entities that currently hold a seller’s permit may be able to surrender their seller’s permit and cease both collecting Wisconsin tax and filing returns.
Need more information? Follow the link to Wipfli’s alert on the subject.