For Immediate Release
September 7, 2015

MINNESOTA – MINNESOTA ADOPTS UP-FRONT SALES TAX EXEMPTION ON ELIGIBLE CAPITAL EQUIPMENT PURCHASES.

MINNESOTA – MINNESOTA ADOPTS UP-FRONT SALES TAX EXEMPTION ON ELIGIBLE CAPITAL EQUIPMENT PURCHASES.

MINNESOTA – MINNESOTA ADOPTS UP-FRONT SALES TAX EXEMPTION ON ELIGIBLE CAPITAL EQUIPMENT PURCHASES.

Minnesota (September 2015)

On July 1, 2015, Minnesota adopted an up-front sales tax exemption on eligible capital equipment purchases.

For purchases before that date, you must continue to pay sales tax then request a refund. For purchases beginning July 1, 2015, you will receive an exemption at the time of purchase. If you pay sales tax after that date, you can still request a refund.

To claim the exemption for eligible purchases beginning July 1, 2015, give the supplier a completed Form ST3, Certificate of Exemption. Use exemption reason code for “Capital Equipment”

Minnesota Revenue Fact Sheet

If you would like additional information on this topic or have any questions, please contact the taxdesk@thesaltgroup.com

 

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