Statement on BR 76, A Tax Exemption Bill on Admission Ticket Purchases
Kentucky Nonprofit Network Executive Director/CEO Danielle Clore issued the following statement in response to the prefiled bill.
The recent Kentucky Supreme Court ruling, combined with the 2018 tax reform legislation have created a truly unfortunate distraction for the thousands of nonprofit organizations working to enhance the quality of life for Kentuckians. Organizations statewide are spending precious resources of time and money trying to understand the new laws, determine how the changes impact them and then adjust their business practices to comply, if required. The administrative burden and potential impact on the individual donations that are essential to their missions is enormous.
We are pleased that Speaker Pro Tempore Osborne and other members of the Kentucky General Assembly agree that addressing this problem as soon as possible is imperative. Kentucky Nonprofit Network is actively drafting a legislative solution that helps nonprofits remain focused on what they do best – strengthen communities. We look forward to working with them.
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Kentucky Nonprofit Network (KNN) is Kentucky’s state association of nonprofits. Founded in 2002, KNN provides a unified public policy voice, sharing of best practices and resources, and time and money-saving member benefits to advance Kentucky’s nonprofit community.
Contact: Danielle Clore | danielle@kynonprofits.org | www.kynonprofits.org
