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Finding Your Direction for Sales and Use Tax

Sales tax exemptions  for manufacturers are available in most states. The challenge is finding the time to dissect the regulations and understand how to maximize your sales tax savings.

What’s the fastest way to take advantage of sales tax exemptions without making costly mistakes?

Begin by having a clear understanding of how your manufacturing process fits into the state’s regulations for sales tax breaks. Most of your tax savings will fall into one of four buckets:

1.  Machinery and equipment
2.  Production supplies
3.  Packaging supplies
4.  Utilities

Let’s begin by looking at the area where the most complicated sales tax exemptions exist…machinery and equipment.