Manufacturers often buy expensive stuff, including the enormous pieces of machinery and equipment necessary to efficiently run their production processes.
In almost every state, manufacturers can purchase at least some items to be used in the production process free of sales tax or possibly subject to a reduced rate.
- Where do manufacturing exemptions apply?
- What qualifies as manufacturing?
- What items qualify?
- Does the newness of the plant make a difference?
- How fully does it need to be utilized?
- Does useful life matter?
- Putting it all together
Source: SOVOS
Latest Posts in "United States"
- Indiana DOR Grants Sales Tax Refund After Sustaining Taxpayer’s Protest and Evidence Submission
- Missouri Eliminates Sales Tax on Essential Hygiene Products, Benefiting Families Statewide
- Understanding the Complexities of Sales Tax on Vitamins and Supplements Across States
- Streamlined Sales Tax: Weighing Benefits and Risks for E-commerce Businesses
- Colorado DOR Clarifies Bakery Goods Sales Tax Exemption for Home Consumption Purchases