New York Issues Guidance on College Textbook Exemption

Wednesday, August 13th, 2014

 
 
A college textbook.
Share
Link
New York
General

The New York Department of Taxation and Finance recently issued a bulletin on exempt sales of college textbooks.

New York exempts sales of college textbooks from sales and use tax. There are three requirements for the exemption. First, the buyer must be a full- or part-time student of an institution of higher education and must buy the textbook for use in a course. Second, either the instructor or the institution must require or recommend the textbook for the course. Third, when the student buys the textbook, the student must provide valid student identification or other evidence of enrollment.

If the vendor does not have a list of required or recommended textbooks for a student's courses and the student cannot provide the vendor with such a list, the student must provide an exemption certificate (Form ST-121.4). Vendors must verify that a student is enrolled in an institution of higher education, generally by checking student ID. To prove that its sales were exempt, a vendor must keep records such as copies of the list of required or recommended textbooks, copies of instructors' or institutions' lists, or properly completed exemption certificates.

http://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/st/college_textbooks_exemption_cert.htm


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Washington Announces Imported Goods Will Now Be Taxed

Thursday, March 21st, 2019 -The Washington Department of Revenue recently announced that effective March 14, 2019, a retail sales exemptio...

Marketplace Facilitators of Software Products to be...

Friday, March 15th, 2019 -The Commissioner of Taxation and Finance in New York released an advisory opinion that determined third partie...

Arkansas Rules on Taxability of Repairs and Labor Related...

Wednesday, March 13th, 2019 -The Arkansas Department of Finance and Administration recently released an administrative decision addressing ...

Studio Room Rental for Photography Sessions is Subject to...

Wednesday, March 6th, 2019 -The Missouri Department of Revenue (DOR) has released a letter ruling addressing the taxability of studio room...

Unprocessed Sand Not Taxable in Texas

Monday, March 4th, 2019 -The Texas Comptroller recently released a private letter ruling that found the mining and selling of unprocess...

California to Require Additional Registration and...

Friday, March 1st, 2019 -California recently released a special notice for out-of-state retailers who are required to register with the...