Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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Annotation 390.0098

390.0098 School Fund-Raising Auctions. A high school has an annual auction put on by the parents of the students. The proceeds of the auction benefit all students, in accordance with the policies of the high school board. All items sold at the auction have been donated to the school.

If the parents' organization is equivalent to a parent-teachers association, as described in Regulation 1597(g), it qualifies as a consumer and not a retailer of the tangible personal property sold. The fact that the property sold is donated to the school does not affect the exemption. 4/8/92.