Michigan Sales and Use Tax Certificate of Exemption - Homesteading Today
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Old 04/09/12, 12:45 PM
 
Join Date: Mar 2011
Location: Michigan
Posts: 223
Michigan Sales and Use Tax Certificate of Exemption

I am wondering if anybody uses a tax exempt status for their farms? What are the pros and cons of going this route? (I KNOW- ask a tax professional!! I most likely will, but wanted actual "user" input first) This is an exemption that allows me to NOT pay our 6% state sales tax on certain agricultural supplies.
I have form 3372 but unsure of what section 3, line 4 means when it asks for %? If our ONLY income comes from farm - would it be 100%? If our MAIN income comes from farm - would it be say 80%?
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Old 04/09/12, 02:20 PM
 
Join Date: Jun 2004
Location: Michigan's thumb
Posts: 14,903
I went to the www.michigan.gov website to look up this form.

And yes, if your income only comes from farming, then 100%. If one of you works off the farm, do the math to find the percentage.

Last edited by Maura; 04/09/12 at 02:29 PM. Reason: ...
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