If your museum is a chartered non-profit organization, then admissions fees are tax-exempt income because it is directly generated by the activities of your institutions educational mission. You should ask your accounting department to read the Financial Accounting Standards Board [FASB] issued Statement of Financial Accounting Standards (SFAS). At 06:00 AM 2/23/96 MDT, you wrote: >We have recently been advised by our university accounting department >that the museum must pay tax on the admission fees which are charged >for an exhibit which the museum has leased. The director has asked the universi >ty counsel >for clarification. > >It has been my assumption that admission fees for exhibits are not >taxable because exhibits are a primary way for the museum to achieve >its mission. Does anyone have experience with a similar situation >where your museum did not have to pay tax on the admission fees? > >Thanks, >Jane MacKnight >Idaho Museum of Natural History >Idaho State University >Pocatello, ID 83209 >email [log in to unmask] >Telephone 208 236 2603 > > Paul H. Pincus Bilbao Project Associate Solomon R. Guggenheim Museum Guggenheim Museum Bilbao 1071 Fifth Avenue New York, NY 10128-0173 P (212) 423-3549 F (212) 534-8938 or (212) 876-2368 e-mail: [log in to unmask] [log in to unmask] [log in to unmask] [log in to unmask] internet: http://www.panix.com/~pincus/pincus.html