Sales Tax Issues and Exciting Exemptions for Manufacturers

As a sales tax pro in the manufacturing industry, one of the most important aspects of your job is digging into each state’s definition of manufacturing so you understand how your processes are taxed and you are fully aware of any sales tax exemptions available to your company.

The way your manufacturing processes are set up, the inputs you use, how equipment is used in production, and what you sell can impact whether you can claim a sales tax exemption.

Trying to figure out what is considered “manufacturing” in the states where you do business may seem frustrating since each state definition is different, but in fact, it provides a unique opportunity for you to unearth sales tax exemptions that your company may be missing out on.

Some states include much more than just the traditional manufacturing process within their exemption. For example, in Texas, anything you do that makes a chemical or physical change in the product being manufactured may qualify for an exemption. That means something like an icemaker in a restaurant could qualify!

Your Teaching Staff

In this 90-minute live webinar, sales tax expert Diane Yetter of the Sales Tax Institute will teach you about the sales and use tax issues that manufacturers need to understand in order to stay sales tax compliant and take full advantage of available sales tax exemptions. Diane will also share the latest state news updates, law changes, and incentive programs that affect manufacturers.

During the live Q&A portion of the webinar, you can get answers to your specific sales tax questions directly from Diane.

Learning Objectives for this webinar include: 

• Discover the different types of sales tax exemptions available to manufacturers, so you can be sure that you’re taking full advantage of them and saving your company or clients money.
• Find out how different states define “manufacturing” for sales and use tax exemption purposes – you may be surprised what activities are included in the definition.
• Learn about non-traditional processes that some states consider manufacturing (cryptocurrency mining for example!) so you don’t miss out on exemptions that may be available to you.
• Understand how what you sell (“goods for sale” vs. “items for sale” vs. tangible personal property) and the way that equipment is used in production can determine if it’s eligible for a manufacturing exemption.
• Learn about important sales tax issues related to inventory withdrawal, in-process transportation, and utilities used in manufacturing, so you don’t get tripped up on common mistakes.
• Get updated on important recent changes and legislative updates states have made that impact manufacturers.
• Discover the impact of the South Dakota v. Wayfair decision on how you need to calculate economic nexus thresholds, manage exemption certificates, and handle other sales tax obligations.