Maryland PTAs to Begin Collecting Sales Tax During Fundraisers
The state comptroller told PTA officials they had been violating tax law by not collecting sales tax.
Local chapters of the Parent Teacher Association (PTA) in Maryland will now have to start collecting sales tax on all items during fundraisers after the state comptroller's office told officials that PTAs had been violating tax law. Whenever a local school’s PTA hosted a bake sale or magazine fundraiser in the past, the organization usually charged a flat fee for certain items since the hosts usually already paid retail tax on the items. However, that is now going to change due to the comptroller’s interpretation of Maryland tax law, said Maryland PTA president-elect Ray Leone. "PTAs have always paid retail tax. We have never not paid taxes. We did, however, think that certain items were exempt as they were foods not consumed on site, or …
Information101
5:20 pm on Tuesday, November 27, 2012
Just what is the quoter from Maryland PTA saying about not getting a memo from the state related to Maryland sales tax? In the Maryland PTA Cash Encounters which is the financial how to booklet sent to every PTA in Maryland from Maryland PTA (and used in trainings) it says clearly... @@@@@@@@@ TAXES, TAXES, TAXES PTAs in Maryland are exempt from paying FEDERAL INCOME TAX on most income. PTAs in … more ›