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  • R-1357 (11/06) Sales Tax Exemption For State And Federal Credit Unions Contributing To A Better

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R-1357 (11/06) Sales Tax Exemption for State and Federal Credit Unions Contributing to a better quality of life. Taxpayer Services Division P.O. Box 201 Baton Rouge, LA 70821-0201 (225) 219-7356 (225).

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The vast majority of public and private universities and colleges are tax-exempt entities as defined by IRC Section 501(c)(3) because of their educational purposes purposes that the federal government has long recognized as fundamental to fostering the productive and civic capacity of its citizens and/or the fact that ...

Banks, other than federally-chartered banks exempt from direct state taxation under federal law, are required to pay use tax to the same extent and in the same manner as other persons storing, using, or otherwise consuming tangible personal property in this state.

Yes, states differ in their treatment of sales made to exempt organizations (501 (c) (3) status for income tax purposes) and governmental agencies. A general rule of thumb is that purchases by the Federal government are exempt in every state, but documentation requirements vary.

A sales tax exemption releases a business or organization from having to pay state or local sales tax on at least some of the items that it purchases. ... Retail businesses generally do not have to pay sales tax when buying wholesale goods that will be resold to an end user.

A sales tax exemption releases a business or organization from having to pay state or local sales tax on at least some of the items that it purchases. ... A tax-exempt organization, such as an elementary or high school, makes a purchase for items needed for the school.

Certain requirements must be met for an organization to qualify for a sales tax exemption. Many states tie their exemption to federal provisions under Section 501 of the Internal Revenue Code. ... Examples of potentially exempt organizations are schools, churches, non-profit hospitals, charitable organizations, and PTAs.

In general, clothing, groceries, medicines and medical devices and industrial equipment are sales tax exempt in many states (but don't assume they'll be exempt in all states. Every state is different when it comes to sales tax!)

Federal credit unions are tax exempt under section 501(c)(1) and are not required to file an annual information return. State credit unions that are chartered under state credit union laws and operate without profit and for the mutual benefit of their members.

To qualify to be exempt from sales tax, the items you buy must not be used in your normal course of business. For example, you can't buy copy paper and ask for a sales tax exemption, because you are using that copy paper in your office.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232