A predominant us study in Missouri will determine how much energy qualifying equipment and processes used. This information will dictate whether you are eligible for a sales tax exemption on your utility bills. The following are situations when you should request a study to determine eligibility.
You’ve Never Done One
If your company never completed a predominant use study in Missouri, you may miss out on significant savings. As long as you manufacture or process consumer goods, you may be eligible for the exemption, reducing your utility bills up to 10 years back from the date of your study. Although these studies cost money, they can equal significant savings over the years.
The Company Changed Ownership
In most cases, a sales tax exemption doesn’t extend to the new owners when a company changes hands. If you recently purchased an established business with a utility sales tax exemption certificate, you should schedule a predominant use study in Missouri. This new study is a wise investment that allows you to take advantage of the same exemption.
Your Company Made Changes
Companies are continually upgrading or adding to the equipment they use. If you significantly changed your processes or equipment, a predominant use study in Missouri may introduce a tax exemption you previously weren’t eligible to receive.
If you need a predominant use study in Missouri, visit the Business Name website to schedule a consultation.
