SF 2334

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:

Section 1.

Minnesota Statutes 2008, section 297A.67, is amended by adding a
subdivision to read:

new text begin Subd. 33. new text end

new text begin Charitable donations. new text end

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 EFFECTIVE DATE. new text end

new text begin This section is effective for sales and purchases made after
June 30, 2010.
new text end