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.
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| 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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