SALT Report 3331 – The Texas Comptroller is distributing an email reminder regarding the new sales tax exemption for qualified research effective January 1, 2014. SALT Report 3207. The reminder addresses a new exemption certificate to be used instead of the generic exemption certificate.
“A new law effective earlier this year allows persons engaged in qualified research to claim a sales and use tax exemption on the purchase of depreciable tangible personal property directly used in qualified research. Sellers will be required to obtain a Texas Qualified Research Sales and Use Tax Exemption Certificate, Form 01-931 (PDF), instead of the generic Texas Sales and Use Tax Exemption Certification, Form 01-339 (PDF), from a registered purchaser claiming the sales and use tax exemption.”
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