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Sales Tax Exemption for NIH Grantees

March 11, 2011 / Ed Jameson / Blog Posts
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Sales Tax Exemption for NIH Grantees — by Brian LaCroix, CPA

Your R&D company may be exempt from paying sales tax on purchases based on how the expense is charged in your general ledger.

Brian
Brian LaCroix, CPA

In general, purchases made as a DIRECT charge to a government  grant are NOT subject to sales tax.  However, purchases made as an indirect charge ARE subject to sales tax.

Do a web search for “sales tax exemption form” within your state to see if there is a downloadable form for you to provide to your vendor when placing a purchase.

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Ed Jameson, CPA, Managing Partner

I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.