
04/09/12, 12:45 PM
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Join Date: Mar 2011
Location: Michigan
Posts: 223
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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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