202112.14
1

Sales Tax Obligations for Wholesalers and Manufactures

by in Economic Nexus, Sales Tax, State Sales Tax Laws, Tax Exempt, Uncategorized

Manufacturers, wholesalers, and distributors believe they have nominal sales tax obligations due to the probability of sales tax-exempt transactions. This is not always correct. Businesses can be manufacturers and distributors, as wholesalers and distributors are often used interchangeably. The theory to consider is whether the sales by these types of businesses are exempt or not…

202112.01
0

Taxpayer Not Entitled to Farm Machinery, Equipment Exemption

by in Arkansas, Sales Tax, States

AR: Arkansas Appeals Office found the taxpayer was not entitled to Farm Machinery, Equipment Sales Tax Exemption. For farmers and ranchers to claim the agricultural property tax exemption, the land must be classified for agricultural use. The land must meet the minimum size, use, and location requirements. In addition, farming and ranching activities must be run…