Mark Loyd Discusses the Impact of Kentucky Tax Changes on Nonprofits
Mark Loyd was recently quoted in the LEO Weekly article “A nonprofit sales tax has caused confusion and worse: Three new bills may help” discussing the impact changes made to Kentucky’s tax regulations have had on nonprofits.
“It’s definitely a hard issue for nonprofits,” said Mark A. Lloyd, partner and Tax and Employee Benefits Department Chair at the Louisville business law firm Bingham Greenebaum Doll LLP. “The name kind of says it all, right? They’re nonprofit. They’re not operating to make a profit. They’re operating to fulfill their charitable purpose. This sales tax collection kind of distracts them from that.”
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