Equipment in Missouri
MISSOURI – When claiming tax exemptions for purchasing supplies or equipment, it’s important to meet all the requirements for the exemption – including location-based ones.
Engineering and architectural firms can purchase computers, software or computer security systems without paying sales and use tax.
One such firm had multiple locations, including an international office, and they were all treated as a single entity for tax purposes.
To qualify for the tax break, the headquarters of at least four of those locations had to be located in Missouri. The business met that requirement, the Dept. of Revenue said in a letter ruling.
So even though some of its offices were outside the state (and the country), it could claim the exemption.
- Share on
Free Training & Resources
Webinars
Provided by Insightsoftware
Further Reading
States are always looking for ways to attract new businesses and prevent existing ones from pulling up stakes. Lowering corporate taxes is ...
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and con...
The last few months of weather’s taken a toll on homes and businesses in many parts of the country. To lighten the load a bit, the IR...
After the flood of new e-commerce sales tax rules in the five years since the South Dakota v. Wayfair Supreme Court decision, this may be t...
No matter where entrepreneurs decide to start a business, they face a variety of taxes and regulations that cut into the bottom line from t...
The Internal Revenue Service has extended corporate, business and individual tax deadlines out to June 17 for San Diego, Detroit and dozens...
