Maine law provides for certain exemptions from sales tax for persons engaged in commercial fishing, commercial farming, or the operation of a commercial windjammer.
In order to make tax exempt purchases, the buyer must have a valid exemption card (issued by Maine Revenue Services, or MRS) and provide the seller with a “properly completed exemption affidavit to document and support treating any transaction as exempt.”
MRS reminds that current exemption cards will expire June 30, 2014. Current cardholders wishing to renew their exemption cards must reapply with MRS. New exemption cards will be valid until June 30, 2018.
Retailers
Retailers must obtain updated sales tax exemption cards from all customers and keep them on hand. In addition, retailers are required to mark sales invoices as tax exempt.
How do you handle sales tax exemptions? Learn how to manage exemption certificates in the cloud.
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