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How do I make tax-exempt purchases of merchandise that is subject to Rental Purchase Agreement Occupation Tax?

Answer #588 -- ( Published 02/22/2018 02:30 PM | Updated 02/26/2018 8:04 AM )

How do I make tax-exempt purchases of merchandise that is subject to Rental Purchase Agreement Occupation Tax when I rent it under a rental purchase agreement?

To make tax-exempt purchases of merchandise that is subject to Rental Purchase Agreement Occupation Tax, the purchaser must certify that an item is purchased to be rented subject to a rental purchase agreement, as defined in the Rental-Purchase Agreement Act, and provide proof of registration under the Rental Purchase Agreement Occupation and Use Tax Act. Use Form ST-261, Exemption Certificate for Property Subject to Rental Purchase Agreement Tax, to claim an exemption from Sales and Use tax on purchases of merchandise that is subject to the Rental Purchase Agreement Occupation Tax.

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