730. EXEMPTION OF SALES TO EDUCATIONAL INSTITUTIONS AND HOSPITALS - PURCHASES FOR MEMBERS OR EMPLOYEES TAXABLE - MOTOR VEHICLE REGISTRATION FEE - QUARTERLY REPORTS BY EXEMPT INSTITUTIONS.

There are specifically exempted from the provisions of this Chapter and from the computation of the amount of tax imposed by it, the gross receipts from sales of tangible personal property and the gross receipts from sales, furnishing or service of electrical energy, natural and artificial gas, water and communication service to and for use by religious education institutions, private education institutions currently recognized as exempt under Section 501 (c) (3) of the Internal Revenue Code as in effect on January 1, 1983 and nonprofit, charitable hospitals when purchases are made by authorized officials, payment made from the institution funds and title to the property for the personal use of officials, members or employees of such institution funds and or to the sales to or purchases of tangible personal property used in the operation of a taxable retail business. The exemption provided in this section does not, in any manner, relieve the institution from the payment of any additional and further license fee imposed on the registration of motor vehicles. All institutions claiming this exemption shall, at the end of each quarter of each calendar year, file with the Tax Commission a list of all purchases on which exemption was claimed, fully itemized, showing name and address of vendors, description of property purchased, purchase price and brief explanation of use or intended use.