Finance Division

Disbursements

RESEARCH AND DEVELOPMENT TAX

Equipment used 50% or more directly and exclusively for research and development purposes may be exempt from sales and use tax. A Research and Development Sales/Use Tax Exemption Form must be completed, approved and attached with the supporting documentation to support the exemption. The Research and Development Sales/Use Tax Exemption Form is to be sent to Procurement Services when the requisition is prepared.  Please include your Requisition # on the form.

For items not requiring a Purchase Order, the department should maintain the approved form their files with the documentation associated with the purchase.

If you have questions, please contact Accounting Services for further clarification.

updated April 2012