SMART TAX USA – State Manufacturing Exemptions
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Incentive Programs: Deferrals, Exemptions, and Tax Credits
New and existing manufacturers, research and development firms, and certain high technology companies can benefit from several tax incentives offered by states and various taxing authorities throughout the US State sales and use tax exemptions are available to taxpayers who manufacture, fabricate or process tangible personal property for sale.
Texas sales and use tax exempts tangible personal property that becomes an ingredient or component of an item manufactured for sale, as well as taxable services performed on a manufactured product to make it more marketable.
Most state sales and use tax laws provide specific exemptions for tangible personal property used or consumed in industrial processing or manufacturing. The exemption may include the ingredients and consumable supplies as well as the machinery and equipment, including maintenance and repair parts. Some states exempt engineering, research, quality control, waste removal, packaging, and other ancillary activities. Manufacturers often find it difficult to benefit from the available exemptions because to fully realize the tax savings takes an unusual combination of knowledge of the law and more importantly, knowledge of the manufacturing process.
SMART TAX USA researches into the specific state statute providing for the exemption. Because some state statutes are vague, we also research the appropriate rules, regulations, letter rulings and case law. Much of the knowledge in the industrial processing/manufacturing area is so specific that it may not be published. Therefore we have an ongoing dialogue with the state tax authorities as well as our network of tax and legal professionals who specialize in this area.
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SMART TAX USA
Links to State Taxing Authorities:
Alabama
http://www.ador.state.al.us/
Alaska
http://www.revenue.state.ak.us/
Arizona
http://www.azdor.gov/
Arkansas
http://www.dfa.arkansas.gov/Pages/default.aspx
California
http://www.taxes.ca.gov
Colorado
http://www.colorado.gov/revenue
Connecticut
http://www.ct.gov/drs/site/default.asp
Delaware
http://revenue.delaware.gov
Florida
http://dor.myflorida.com/dor
Georgia
https://etax.dor.ga.gov/
Hawaii
http://www.state.hi.us/tax/tax.html
Idaho
http://tax.idaho.gov/
Illinois
http://www.revenue.state.il.us
Indiana
http://www.state.in.us/dor/index.htm
Iowa
http://www.iowa.gov/tax/index.html
Kansas
http://www.ksrevenue.org
Kentucky
http://revenue.ky.gov/
Louisiana
http://www.rev.state.la.us/
Maine
http://www.state.me.us/revenue
Maryland
http://www.comp.state.md.us/
Massachusetts
http://www.mass.gov
Michigan
http://www.michigan.gov/treasury
Minnesota
http://www.taxes.state.mn.us/
Mississippi
http://www.mstc.state.ms.us
Missouri
http://dor.mo.gov/index.htm
Montana
http://revenue.mt.gov/revenue
Nebraska
http://www.revenue.state.ne.us
Nevada
http://tax.state.nv.us
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New Hampshire
http://www.nh.gov/revenue/index.htm
New Jersey
http://www.state.nj.us/treasury/taxation/
New Mexico
http://www.tax.state.nm.us/
New York
http://www.tax.state.ny.us/
North Carolina
http://www.dor.state.nc.us/
North Dakota
http://www.nd.gov/tax/
Ohio
http://tax.ohio.gov/
Oklahoma
http://www.oktax.state.ok.us/
Oregon
http://www.oregon.gov/DOR/index.shtml
Pennsylvania
http://www.revenue.state.pa.us/portal/server.pt/community/revenue_home/10648
Rhode Island
http://www.tax.state.ri.us/
South Carolina
http://www.sctax.org/default.htm
South Dakota
http://www.state.sd.us/drr2/revenue.html
Tennessee
http://www.state.tn.us/revenue
Texas
http://www.cpa.state.tx.us
Utah
http://tax.utah.gov
Vermont
http://www.state.vt.us/tax/index.shtml
Virginia
http://www.tax.virginia.gov
Washington
http://dor.wa.gov/Content/Home/Default.aspx
Washington, D.C.
http://cfo.washingtondc.gov/cfo/site/default.asp
West Virginia
http://www.wvtax.gov/index.html
Wisconsin
http://www.dor.state.wi.us
Wyoming
http://revenue.state.wy.us/
Guam
http://www.govguamdocs.com/revtax/index_revtax.htm
U.S. Virgin Islands
http://www.ojp.usdoj.gov/saa/vi.htm
CONTACT US TODAY!
SMART TAX USA specialized comprehensive analysis can determine how these new exemptions; credits and incentives directly affect your business. This will result in a reduction of current and future tax liabilities providing significant tax savings for your business! Most importantly our success rate is 90% of the companies we work with will have a substantial tax saving benefit. Our initial review will determine the validity of your refund status and as always, the consultation is absolutely free. Our work is performed on a contingency fee basis, “if we do not perform no fee is due!”