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TIP #99A01-05
DATE ISSUED: 06/30/99

Exemption for Sales or Leases to Certain Nonprofit
Athletic Event Sponsors Is Expanded

Effective July 1, 1999, the exemption for sales or leases to certain athletic event sponsors is expanded to include sales or leases to those sponsors who meet all of the following criteria:

(1) Incorporated under the Florida statutes applicable to not for profit corporations;

(2) Hold a current exemption from federal corporate income tax liability under section 501(c)(3) of the Internal Revenue Code;

(3) Funded primarily by county or municipal governments; and,

(4) Have as their primary purpose the encouragement and facilitation of the use of certain locations within the State of Florida for sporting events.

For More Information

References:
Ch. 99-238, L.O.F.
S. 212.08(7)(gg), F.S