February 9, 2019
CBC Executive Director Pat Frew lobbied February 7 for an important issue affecting the Covington Business Council and other nonprofits in the Commonwealth—sales tax exemptions. In the past nonprofits have not had to pay sales tax on event admissions or other related fundraising activities, including items sold or auctioned for fundraising purposes. Forcing nonprofits to pay this tax was be cutting into dollars that are often returned for community benefit and was be very harmful in the final analysis. It appears nearly all of Kentucky’s legislators are in favoring of continuing this exemption for charities which will hopefully be remedied by three separate bills affecting 501 c3 nonprofits first, then 501 c3, c4 and c5 designations in later bills. The Business Council is considered a 501 c6 because it’s an advocacy membership organization. Joining Pat in Frankfort was The Point/ARC Executive Director and Founder Judi Gerding who both met with State Senator Chris McDaniel (left) who chairs the Appropriations and Revenue Committee which will take on the legislation originating in the House, per state law. Stay tuned for new developments.