Sales tax requirements for contractors, subcontractors and material suppliers in New York can be extremely confusing, and subject to much misinterpretation. Generally, consumers of goods and services pay sales tax and sellers of goods and services collect sales tax and turn it over to the State. However, the rules for sales tax applied to construction industry activities are much more complex. Depending on whether you are a supplier who does no contracting, a contractor doing work for an exempt owner, a contractor doing a capital improvement or a contractor doing a repair, your sales tax obligations will be different, and in some cases very confusing. Often, this confusion can lead to non-compliance, which in turn can lead to audits and unexpected sales tax liability.
At this seminar, our instructors will review the proper application of sales tax to different construction activities and the use of the various sales tax certificates such as: Certificate of Capital Improvement; Resale Certificate; Contractor Exempt Purchase Certificate; Exempt Organization Certificate; and Exempt Use Certificate. Other issues to be covered include: sales tax on shipping & transportation charges; the concept of dominion and control; sales tax on IDA’s; sales tax on manufacturing operations; remittance of sales tax by construction materialmen; bad debts/recovery of sales tax; how to apply for a credit or refund; how to petition for an advisory opinion; sales tax audits; taxpayer bill of rights; and more.
Fee: $75 for AGC Members, $90 for Non-members – Price includes manual and a light dinner.
Speakers: Richard Graf & Dean Bader – NYS Department of Tax and Finance
Click here for a registration form.