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Ned in the seller s records. This certificate is invalid unless all four sections are completed by the purchaser. SECTION 1: TYPE OF PURCHASE A. One-Time Purchase Order or Invoice Number: C. Blanket Certificate Expiration Date (maximum of four years): B. Blanket Certificate. Recurring Business Relationship The purchaser hereby claims exemption on the purchase of tangible personal property and selected services made from the vendor listed below. This ce.
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Exemption 3372 form FAQ
Under MCL 324.3601, certain farmland in Michigan may be enrolled in a development rights program by which the owner may receive state income tax credits for property taxes paid. To be eligible, the farm must be at least five acres in size and 51% or more of the property must be committed to an agricultural use.
Tax-exempt customers Some customers are exempt from paying sales tax under Michigan law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Form 3372, Michigan Sales and Use Tax Certificate of Exemption, is used to claim exemption from Michigan Sales and Use Tax. The buyer must present the seller with a completed form at the time of purchase.
The exemption amount is $5,400 per year times the number of personal and dependency exemptions allowed under Part 1 of the Michigan Income Tax Act. An employee may not claim more exemptions on the MI-W4 than can be claimed on the employee's Michigan income tax return.
Use 3372 form Related content
3372, Michigan Sales and Use Tax Certificate of...
Purchasers may use this form to claim exemption from Michigan sales and use tax on...
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