The Mississippi sales tax exemption for manufacturing enables manufacturers and custom processors to take advantage of a lower tax rate on eligible machinery and equipment as well as a full sales tax exemption on items incorporated into the final manufactured product. The skilled sales tax...
Since most businesses utilize software in their operations, it is important for tax and accounting professionals to recognize how the Georgia sales tax exemption for software impacts their business. GA Comp. R. & Regs. 560-12-2-.111(3)(b) provides a sales tax exemption on the sale, lease, rental,...
As part of an effort to create a more business-friendly corporate tax environment, the Wisconsin sales tax exemption for manufacturing allows qualifying manufacturers to claim an exemption on a wide variety of operating purchases. Wis. Stat. 77.54(6)(am)(1) provides a sales tax exemption for “machines and...
The Tennessee sales tax exemption for manufacturing is available on industrial machinery purchased by a qualified Tennessee manufacturer that is necessary to the manufacturing process. Tennessee defines industrial machinery as “equipment used mainly to fabricate or process tangible personal property to be resold and consumed...
We have been partnering with CPA’s and in-house tax departments since 2005. Since that time, Agile Consulting Group has established its reputation as a sales tax CPA partner for forward-thinking, proactive CPA’s, in-house tax departments and CPA groups who want access to a cost-effective, experienced and knowledgeable sales and...
The Indiana sales tax exemptions for manufacturing are available to all Indiana manufacturers on purchases of manufacturing machinery, tools, and equipment that are “directly used” in production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of tangible personal property per Indiana Admin. Code 45...
The Ohio sales tax exemption for manufacturing is broad and encompasses a wide array of purchases used in the manufacturing process. Ohio Revenue Code Ann. 5739.02(B)(42)(g) provides an Ohio sales tax exemption when the purpose of the purchaser is to “use the thing transferred primarily...
Any sales tax consultant will tell you that a Voluntary Disclosure Agreement, also known as a VDA, is the best way to bring a company in to compliance with its previously unmet sales tax responsibilities. With the recent change in determining sales tax nexus as...
Mississippi sales and use tax law allows health care providers to claim a Mississippi sales and use tax exemption on various types of purchases, including drugs, medicines, durable medical equipment and home medical equipment and supplies. The Mississippi sales and use tax exemption for hospitals...
Kentucky sales and use tax law offers a tax exemption for manufacturers for tangible personal property that is to be directly used in the manufacturing or industrial process that has a useful life of less than one year. The Kentucky sales and use tax exemption...
