How to Become a Farm Tax Exempt in Virginia

You can be eligible for tax exemption status on certain of your purchases if you own a farm in Virginia. This can help you save money on things like equipment, feed, and fertilizer. You must fulfill requirements and take the necessary actions in order to become tax free.

In order to qualify for an exemption from Virginia’s agricultural tax, you must:

1. You must be the owner of a farm that is actively used for farming.

2. Your farm must generate at least $1,000 in annual gross income. 3. A Virginia Tax ID number is required.

Once you have met these requirements, you can submit Form ST-18A, also known as the Virginia Sales Tax Exemption Certificate for Agricultural Production, to request tax exemption status. The Virginia Department of Taxation’s website or office number, 804-367-8031, both offer access to this form.

You must provide your Virginia Tax ID number along with details about your farm and the kinds of purchases you want to be tax-exempt when filling out the form. Additionally, you must date and sign the document.

You can send or fax the form to the Virginia Department of Taxation once it has been completed. Once authorized, you’ll get a certificate you can use to buy things for your farm without paying taxes.

Additional Virginia and West Virginia Tax Related Questions

What weekend is WV tax-free?

There is a tax-free weekend in West Virginia; it typically takes place in August just before the start of the school year. During this time, a number of things, including apparel, school supplies, and laptops, are tax-free. In relation to this, is bottled water taxable in West Virginia? In West Virginia, there is no sales tax on bottled water. Other alcoholic beverages, however, including soda and sports drinks, are taxable.

Is there a property tax in West Virginia? West Virginia does indeed impose a property tax. Your tax burden is determined by the assessed value of your property.

Also, is West Virginia a state that practices SST?

Yes, West Virginia is a state that uses the Streamlined Sales Tax (SST). This indicates that the state has made it simpler for businesses to abide by tax laws by simplifying its sales tax requirements.