as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:36pm
A bill for an act
relating to taxation; exempting purchases for resale subsequently donated to
charities; amending Minnesota Statutes 2008, section 297A.67, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2008, section 297A.67, is amended by adding a
subdivision to read:
new text begin
Items purchased as exempt under section
297A.61, subdivision 4, as a sale for resale, but subsequently donated to a charity, as
defined under the Internal Revenue Code, section 501(c), are exempt.
new text end
new text begin
This section is effective for sales and purchases made after
June 30, 2010.
new text end