QUESTION
Do Home Owners Associations (as a nonprofit organization) have to pay state sales tax in Michigan
Asked on Jun 11th, 2024 on Taxation - Michigan
More details to this question:
I am a director on a Home Owners Association and we are currently paying sales tax on items, rentals, etc we are purchasing for use by our HOA. QUestion has come up as to whether we have to pay state sales tax.
1 ANSWER
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Only houses of worship are exempt from Sales Tax.
As far as income taxes are concerned:
This article explains things well. Depending on what the income comes from, the income may be exempt from Taxes.
https://hoatax.com/michigan-hoa-condo-association-tax-return-filing/
Answered on Jun 12th, 2024 at 12:07 PM