Maine Loan Agreement regarding Line of credit for purchase of digital radiographic imaging systems for dental and medical markets
Description
How to fill out Loan Agreement Regarding Line Of Credit For Purchase Of Digital Radiographic Imaging Systems For Dental And Medical Markets?
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FAQ
In some limited circumstances, a consumer may not have to pay retail sales tax in Maine. For instance, there isn't a tax on groceries and prescription drugs.
The Sales and Use Tax Law provides specific exemptions for a number of different kinds of organizations and institutions, such as hospitals, schools, churches and libraries, etc.
The state sales tax rate is 5.5% and Maine doesn't have local sales tax rates. So whether you live in Maine or outside Maine but have nexus and sell to a customer there, you would charge your customer the 5.5% sales tax rate on most transactions.
A sales tax is imposed at the rate of 5.5% of the sale price on retail sales of tangible personal property; products transferred electronically; prepaid calling arrangements (not to be confused with prepaid wireless, which is addressed under ?Service Provider Tax? in this document); transmission and distribution of ...
Tax Exempt Items Food for human consumption. Manufacturing machinery. Raw materials for manufacturing. Utilities and fuel used in manufacturing. Medical devices and services.
Tax-exempt customers Some customers are exempt from paying sales tax under Maine 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.
