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To actively promote and build a positive business environment in Covington, Kentucky.
CBC maximizes the potential for economic growth in the City of Covington.download the annual report
CBC Executive Director Pat Frew lobbied February 7 for an important issue affecting the Covington Business Council and other nonprofits in the Commonwealth—sales tax exemptions. In the past nonprofits have not had to pay sales tax on event admissions or other related fundraising activities, including items sold or auctioned for fundraising purposes. Forcing nonprofits to pay this tax was be cutting into dollars that are often returned for community benefit and was be very harmful in the final analysis. It appears nearly all of Kentucky’s legislators are in favoring of continuing this exemption for charities which will hopefully be remedied by three separate bills affecting 501 c3 nonprofits first, then 501 c3, c4 and c5 designations in later bills. The Business Council is considered a 501 c6 because it’s an advocacy membership organization. Joining Pat in Frankfort was The Point/ARC Executive Director and Founder Judi Gerding who both met with State Senator Chris McDaniel (left) who chairs the Appropriations and Revenue Committee which will take on the legislation originating in the House, per state law. Stay tuned for new developments.
**Update 3/29/19 – On March 26 Governor Bevin signed HB354 into law lifting the burden off of nonprofits. These nonprofit, governmental and civic organizations will no longer charge sales tax on nonprofit event ticket sales or items sold for fundraising purposes.
Danielle Clore of the Kentucky Nonprofit Network wrote, “… It feels so great to celebrte today! Yet, it is clear that there is much education and advocacy work that remains – addressing dangerous myths and misunderstanding about the essential work and vital role of nonprofits. Advocacy is absolutely no longer optional… Again, thank you for being on or team! I could not be more proud to stand alongside you in this work to strengthen Kentucky communities.”
“The CBC has provided me the opportunity to network with other local business leaders. Being new to the area this has become a valuable resource.”