Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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N

390.0000 NONPROFIT ORGANIZATIONS

Annotation 390.0605

390.0605 "Save the Books" Organization. The "Save the Books" organization was organized to raise funds for replacement of books, periodicals, documents and specialized collections which were destroyed in the fire in the Central Los Angeles Library of April 29, 1987. The organization is regarded as equivalent to "Friends of the Library" for purposes of Revenue and Taxation Code section 6370 and is a consumer of tangible personal property which it sells to raise funds to use exclusively to further the organizations purposes. 12/21/87.