Update to Form ST3, Certificate of Exemption

Minnesota Department of Revenue sent this bulletin at 06/04/2015 08:12 AM CDT

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Starting July 1, 2015, the capital equipment refund will become an up-front sales tax exemption.

 

To claim the exemption on eligible purchases, businesses must give the supplier a completed Form ST3, Certificate of Exemption. Use the exemption reason code for “Capital equipment”. This form was updated to include a new exemption reason code.

 

Before July 1, businesses were required to pay sales tax when purchasing eligible capital equipment and then file a refund request with the Department of Revenue.

 

Note: If you pay sales tax on purchases after June 30, 2015, you may still file a refund request for tax paid in error.

For more information, see Fact Sheet 103, Capital Equipment