taxed because they are specifically identified in the statute or regulations as exempt from the tax. For example, the statute may
impose a tax on all sales of tangible personal property, but a separate provision may exempt sales of groceries. An exemption certificate generally is required to substantiate an exemption claim.
Exclusions are persons, transactions or items that fall outside the reach of the tax imposition statute. Put differently, exclusions are items that do not meet the definition of a taxable sale or use. No specific "exemption" is needed for these items because they did not
fall within the scope of tax imposition in the first place. Exemption certificates generally are not required for exclusions because they
were not otherwise taxable.
Agenda
Exemptions and ExclusionsSpecific Exemptions Discussed
Exemption Certificates
Urban Enterprise Zone Program
Faculty
Kathleen M. Holston, CPA, CMI
Global Tax Management, Inc.
- Senior manager with Global Tax Management, Inc.
- More than 20 years of experience in state taxation
- Instructor for the Institute for Professionals in Taxation’s Advanced Sales and Use Tax School
- Practices in the areas of income and franchise, sales and use, and property taxes
- B.A. degrees in accounting and management, Rutgers University
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