Tuesday, December 21, 2010

ACT 160 UPDATE, Vermont Performing Arts Organizations, PLEASE READ!!

Act 160, the omnibus tax bill signed into law last spring (May, 2010) contains language that will require those of you that sell $50,000 or more in tickets to performances this year to charge a 6% sales tax on tickets to your events starting this April 1st.

We have just learned that ANY organization that uses a third-party ticketing outlet will probably have to charge the sales tax, EVEN IF YOU SOLD LESS THAN $50,000-WORTH OF TICKETS IN 2010!! The reason for this is that the Tax Department is interpreting the statute to read that the ticket seller is responsible for collecting the tax, therefore it is the ticket-seller's threshold, not the presenting entity's threshold, that matters.

Therefore, REGARDLESS of whether you believe this law will apply to you starting in April, WILL ALL OF YOU PLEASE fill out our incredibly brief questionnaire on the subject, by clicking HERE?

If you filled out a similar survey we sent out last spring, please fill it out again--you probably have more accurate numbers to report anyway...

Thank you!

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