Starting June 1, non-profits, like private schools and churches, will be exempt from collecting sales taxes on higher admission revenue amounts.
The new law, 2021 Act 167, raises the exempt revenue amount from $10,000 to $50,000.
This may be especially helpful to schools that sponsor athletic tournaments or musicals and charge admission. The change in the revenue amounts is especially timely, given inflation and the need to raise prices to cover costs, and the pent-up demand for normal school activities, which may drive up attendance rates.
Read more here.
