Sales Tax Exemption
The sales tax benefit has been recreated as an
exemption identified by a certificate rather than a refund. The exemption
certificate covers the majority of
purchases for a ten year period, and is no longer limited to “bricks and
mortar" type building materials. The exemption is only applicable to the
State portion of the sales tax, although local governments have the option to
grant comparable sales tax relief through the passage of a local law. The
exemption certificate is issued by the State to the QEZE upon request, but Is
useable by the QEZE only If the year in which the exemption is claimed
immediately follows a year In which the Employment Test has been met.
