Minnesota Bill of Sale (Communications Equipment)
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How to fill out Bill Of Sale (Communications Equipment)?
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FAQ
Items Exempt by Law Clothing for general use, see Clothing. Food (grocery items), see Food and Food Ingredients. Prescription and over-the-counter drugs for humans, see Drugs.
In general, computer hardware and canned software are subject to sales and use tax, but custom software and computer services are exempt.
Tax is only due on the initial installation of an item. Delivery charges for taxable products, such as computer hardware or prewritten software, are taxable. Delivery charges include charges such as shipping, postage, han- dling, crating and packing.
Items Exempt by Law Clothing for general use, see Clothing. Food (grocery items), see Food and Food Ingredients. Prescription and over-the-counter drugs for humans, see Drugs.
The state of Minnesota doesn't require a bill of sale for any transactions, but the document is recognized as an official record of a sale. A bill of sale needs to clearly identify the parties involved in a transaction, the item being sold, the selling price, and the date the transaction took place.
From the sales tax Minnesota excludes from the tax many items used directly in the production of taxable goods and services and some of the taxable services. It also excludes capital equipment used in manufacturing, machinery used in farming, and mining equipment.
Minnesota sales tax details The Minnesota (MN) state sales tax rate is currently 6.875%.
The general Minnesota sales and use tax of 6.5 percent paid by final purchasers of certain telecommunication services.
