Author Topic: Hemopet Non-Profit in Jeopardy  (Read 604 times)

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Offline DeeDee

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Hemopet Non-Profit in Jeopardy
« on: July 28, 2016, 08:43:03 PM »
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Hemopet Non-Profit in Jeopardy
The California Board of Equalization placed a retrospective and future sales tax on the sale of Hemopet's blood products. Hemopet is a non-profit and the canine equivalent of the Red Cross; so a clarification that exempted this tax was necessary. To get this done, a state senate bill had to be drafted.

Originally, Senate Bill 898 clearly and specifically stated:
1. Exempt the sale of animal blood and related products from sales tax
2. Directed the BOE to cancel its current assessment

SB 898 was passed unanimously by the California Senate. 

The good news is that future sales of these products will not be taxed.

The bad news is that the Assembly Committee on Revenue and Taxation passed the bill with amendments that will allow the BOE to collect approximately $81,000 of prior sales taxes from Hemopet – essentially terminating our non-profit.

Continued at:

http://us3.campaign-archive2.com/?u=65fe703d8ce705ddce0e30120&id=c0a72d9157&e=10d68e21a2
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