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Capital Equipment Sales Tax Exemption

Starting July 1, 2015 the Minnesota Department of Revenue will allow businesses an exemption from sales tax at the time of purchase for capital equipment used to manufacture, fabricate, or refine products. Currently, businesses are required to first pay the sales tax then file a request for a refund using Form ST11 so the new law will have a positive effect on cash flow and reduce tax compliance.

To qualify for this exemption, a business will need to provide the vendor with a completed Form ST3  citing the reason for exemption as "Capital Equipment."

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