Complaints about fraudulent solicitation activity has pushed state legislatures to tighten requirements and enhance enforcement of charities and other organizations that ask their residents for donations, Bloomberg BNA Tax Law Editor Tonya Sloans writes in this week's issue of the Weekly State Tax Report.
Compliance with state charitable solicitation laws, Sloans writes, is comprised of three parts:
• an initial registration requirement;
• a related excise tax to be paid as a registration fee and a bond that must be filed with the state; and
• ongoing reporting responsibilities, often accompanied by an administrative fee or excise tax.
Exceptions are Arkansas, Kentucky, Michigan, New Mexico and Oregon, which require registration but do not impose a related registration fee, Sloans explains.
For advice on how to comply with the varying state laws, check out the article by Sloans, which can be read in its entirety here. The article includes a comprehensive state-by-state survey of the regulation of state charitable solicitation.
Continue the discussion on Bloomberg BNA's State Tax group on LinkedIn: Does your state regulate charitable solicitation?
For more information about this and other state tax issues, sign up for a free trialof the Bloomberg BNA Premier State Tax Library.
In other developments:
An update on three state tax cases pending at the Texas Supreme Court , by the Texas State and Local Tax Law Blog
When Did Your State Adopt Its Cigarette Tax , by the Tax Foundation
Compiled by Priya D. Nair
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