§ 53-9. Charitable organization letters of exemption.

(1)

Application. An application for letter of exemption from the taxes imposed in this chapter shall be made to the manager, on forms provided by the manager, and shall include evidence of the following:

(a)

That the organization is exempt from federal income tax under section 501(c)(3) of the United States Internal Revenue Code, and;

(b)

The organization's total gross revenue complies with the following requirements:

i.

For applications filed between July 1, 2017 and December 31, 2018, the organization's total gross revenue from all sources, as reported to the United States Internal Revenue Service, was less than $5,000,000 for tax year 2016.

ii.

For applications filed between January 1, 2019 and December 31, 2019, the organization's total gross revenue from all sources, as reported to the United States Internal Revenue Service, was less than $10,000,000 for tax year 2017.

iii.

For applications filed on or after January 1, 2020, the manager will no longer consider the total amount of gross revenue reported to the United States Internal Revenue Service.

(2)

Applications valid for five years. All letters of exemption issued pursuant to this section shall be valid for five years from the date of issuance.

(3)

Expiration of letters of exemption. All letters of exemption issued by the manager on or before July 1, 2017 shall expire at midnight, December 31, 2022.

(4)

Revocation of letters of exemption. In the manager's sole discretion, a letter of exemption may be revoked at any time an organization fails to remain exempt from federal income tax under section 501(c)(3) of the United States Internal Revenue Code.

(Ord. No. 529-17, § 2, 6-26-17; Ord. No. 930-17, § 2, 9-18-17; Ord. No. 930-17, § 3, 9-18-17)