|
Graphic Arts Tax Exemption |
|
|
|
|
Reinstated Exemption, 2004: Annual Report of Manufacturer's Purchase Credit Earned ST-16 Form to Identify your business and purchases. Annual Report of Manufacturer's Purchase Credit Used ST-17 form to be completed if you have used MPC to satisfy state use or service use tax liability on purchases of production-related tangible personal property made from either Illinois-registered or nonregistered (in-state or out-of-state) suppliers. Equipment Exemption Certificate ST-587 form to identify seller, purchaser, and equipment. Manufacturer's Purchase Credit This is a description of the Manufacturer's Purchase Credit (MPC), which is earned by purchasing exempt graphic arts machinery and equipment or repair and replacement parts. This was reinstated beginning September 1, 2004. Manufacturer's Purchase Credit Certificate ST-16-C form for production-related tangible personal property. Taxability Matrix, 2007 This matrix will aid you in determining the taxability of your purchases.
|