Are you paying sales tax on utilities used for tax exempt purposes?
Utility sales tax exemptions provide businesses with significant cost savings, particularly in industries where utilities represent a substantial portion of operating expenses. By reducing tax burdens, these exemptions free up capital for businesses to reinvest in growth, innovation, and sustainability initiatives.
At Walker Reid Strategies, we specialize in helping businesses navigate the complexities of utility sales tax exemptions. From conducting thorough predominant use studies to managing compliance and securing refunds, our team ensures that you maximize your benefits while staying fully compliant with state regulations.
Explore how we can help your business unlock savings and simplify the process of achieving utility sales tax exemptions. Contact us today to learn more!
To provide a qualified manufacturing company with a utility tax exemption, the data gathering process involves compiling a comprehensive Request for Information (RFI) to collect the following key details:
This data is collected and submitted through the RFI form to ensure accurate assessment and verification for utility tax exemption qualification.
Following the collection of required data, an initial review will be conducted to determine the completeness and quality of information collected. If all data requirements are met, an energy study will be initiated:
A site visit will be conducted to obtain photo documentation of the facility, including exterior, interior, machinery, and operating schedules to ensure sufficient data is obtained to conduct the predominant use analysis. The specific data required is:
Electricity Consumption:
Natural Gas Consumption:
Water Usage (if applicable):
Compressed Air Consumption:
Fuel Consumption (Diesel, Propane, etc.):
Steam and Other Process Heating:
Ventilation and Exhaust Systems:
Renewable Energy Systems (if applicable):
After the energy study is complete, and predominant use is established, administrative processes will be initiated to complete the refund through the following steps:
In the rare case that a client gets audited by the State Department, Walker Reid Strategies will provide on demand, complete audit defense throughout the processes. With 100% success rate, rest assured that we can protect our clients and stand by our work.
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