Sales and Use Tax , Incentive Tax Seminar

General Seminar - Sales/Use Tax and Incentives

Agenda:

8:00-8:30 Registration - Breakfast Provided

8:30-9:30 Incentives

Statutory Programs:

Enterprise Zone Program

Quality Job Program

Industrial Tax Program

Restoration Tax Abatement

Discretionary:

Modernization Tax Program

EDAP Program/Training Grants
Fast Start

Performance Based Grants

Other incentives will be discussed depending on makeup of seminar participants

9:30-10:30 Imposition of Tax

Sales

Rentals

Services

Repair Services

Invoice Review

10:30-12:00 Definitions

Tangible Personal Property

Use

Cost Price

Sale

Sale at Retail

Sales Price

Lease or Rental

Dealer

Oil and Gas E&P Issues

Movable v. Immovable

Non Taxable Services

Lost in Hole

Rental v. Service

Invoice Review

12:00-12:30 Lunch - Provided

12:30-2:00 Immovable - Movable Property

Exclusions and Exemptions (in general)

Casual Sales

Raw Materials

Pollution Control

Credit for Tax Paid

Non Taxable Services/Rentals

Trash Containers

Scaffolding

Portable Toilets

Compressors

Contract Audits

Managed Audits

Invoice Review

2:00-4:00 Manufacturing M&E Exclusion

Qualifications

Start - Finish

Manufacturing Equipment

Pollution Control

Mandataries (Agency)

Computer Hardware/Software

Food for Home Consumption

Drugs and Medical Devices

Suspended Exemption

Statute of Limitations

Resale Certificates

4:00-4:30 Legislative Update

4:30-5:00 Questions - Will be available after 4:30 to answer all questions