Tax exemption

Is the University of Iowa tax exempt? The University of Iowa is deemed tax-exempt under IRS Title 26, Subtitle A, Chapter 1, Subchapter B, Section 115. Contributions to the University are tax-deductible under Section 170(c)(1). Read more on dsp.research.uiowa.edu Since the University of Iowa is a public institution, it is often exempt from taxes. There … Read more

How do I become tax exempt in Mississippi? Mississippi Sales Tax Exemption for a Nonprofit. You must file a separate application in order to receive state sales tax exemption. If your organization makes taxable sales or purchases, obtaining Mississippi sales tax exemption will allow your nonprofit to allocate more funds towards pursuing its mission. Read … Read more

What is exempt from sales tax in Massachusetts? Traditional Goods or Services. Goods that are subject to sales tax in Massachusetts include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine, groceries, gasoline, and clothing are all tax-exempt. Read more on howtostartanllc.com One of the few states in the union, Massachusetts charges sales … Read more

Illinois levies a sales tax on certain services and the retail sales of tangible personal property. The sales tax in Illinois is not applicable to all purchases, though. Consumers and businesses can both save money by being aware of Illinois’s sales tax exemptions. Which Products Are Tax Exempt? Groceries, prescription medications, and medical equipment are … Read more

The Internal Revenue Service (IRS) offers labor unions, their affiliates, and other organizations with a similar mission the tax-exempt status known as 501c1. Due to this categorization, they are exempt from paying federal income tax on any revenue brought in by their operations. An in-depth overview of the 501c1 classification and related issues, including 501c2, … Read more

What is exempt from Maine sales tax? In Maine, certain items may be exempt from the sales tax to all consumers, not just tax-exempt purchasers. Several examples of exemptions to the sales tax are most grocery products, certain types of prescription medication, some medical equipment, and certain items which are associated with commerce. Read more … Read more

Who is exempt from sales tax in South Carolina? Goods that are subject to sales tax in South Carolina include physical property, like furniture, home appliances, and motor vehicles. Prescription medicines, groceries, and gasoline are all tax-exempt. Read more on howtostartanllc.com The majority of products and services purchased within South Carolina are subject to a … Read more

How do I become tax exempt in Tennessee? You can file for an exemption using the Tennessee Taxpayer Access Point (TNTAP), without creating a logon. Visit TNTAP for more information. Seventeen different types of entities are exempt from the franchise and excise taxes. Read more on www.tn.gov There are a few procedures you must follow … Read more