Minnesota's Exemption for Capital Equipment Changes to an Upfront Exemption in July

Friday, June 5th, 2015


Beginning July 1, 2015, taxpayers will no longer have to pay tax on qualifying capital equipment and then apply for a refund. Minnesota exempts sales of qualifying capital equipment. "Capital equipment" means machinery and equipment used primarily in manufacturing, fabricating, mining, or refining tangible personal property for sale. Currently, taxpayers must pay tax on their purchases of such equipment and then apply for a refund from the state. Starting in July, taxpayers may claim the exemption up front instead. To claim the exemption up front, taxpayers should use Form ST3, Certificate of Exemption.

For purchases before July 1, 2015, the taxpayer must still pay tax and then apply for a refund using Form ST-11.


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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.

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