91PORNA Tax Status
FEDERAL TAX STATUS
91PORNA is an instrumentality of the State of Ohio and qualifies for tax-exempt status under Section 115 of the Internal Revenue Code (IRC). Section 115 also provides an exemption from filing IRS Form 990. 91PORNA is required to file Form 990-T for unrelated business income.
91PORNA is able to issue tax-exempt debt to fund capital projects, including land, buildings and improvements.
CONTRIBUTIONS TO KENT STATE
A contribution to 91PORNA is generally deductible as a charitable contribution under IRC 170.
STATE TAX STATUS
91PORNA is exempt from Ohio's commercial activity tax.
91PORNA is exempt from Ohio real estate taxes.
91PORNA is exempt from sales tax on purchases but must collect and remit Ohio sales tax on sales made on a monthly basis. More information on the sales tax can be found on the Sales Tax Page.