Manufacturers may qualify for numerous exemptions and exclusions from sales and use tax, which may greatly reduce overall costs. However, increasing comptroller scrutiny can put you at risk. Failure to meet all of the documentation requirements may result in the assessment of tax, penalties and interest. This course will cover the sales and use tax requirements and benefits for manufacturers doing business in Texas, along with many of the common opportunities and pitfalls that frequently surprise businesses operating in the manufacturing industry.
Benefits for You
Machinery, equipment, inventory and consumed materials - learn what's exempt and what's not
Learn the exemption and taxability requirements for containers used in connection with manufacturing
Learn about recent changes to the administrative rules for direct pay permit holders
Stay up-to-date with recent judicial, legislative and administrative changes
Discover how to maintain documentation to facilitate audit preparedness $349