utilitysaly939's Space http://utilitysaly939.posterous.com Most recent posts at utilitysaly939's Space posterous.com Mon, 16 Jul 2012 02:15:00 -0700 Predominant Use Study http://utilitysaly939.posterous.com/predominant-use-study http://utilitysaly939.posterous.com/predominant-use-study Many declares offer utility florida sales tax exemptions (or partially exemptions) to motivate companies to operate amenities in their state. The actual qualifications for these exceptions vary from state to state. Nevertheless, most states require “predominant use”.

A particular utility sort (electricity, natural gas, normal water, etc) has predominant use if the majority of that application is being used for exempt reasons. To prove whether or not a utility has predominant use, a new predominant use study is required. The particular predominant use study must be equally accurate and detailed in order to minimize threat exposure.
Third Party Contacting Firms
Although it’s easy to perform a utility study your self, it can be quite challenging and time consuming. Each and every state has its own set of requirements regarding that the predominant use study should be performed. In addition, the tax code (for example, precisely what is or isn’t considered exempt) varies from one state to another location.
But more importantly, the majority of states prefer that you employ a third party firm to try and do your utility research. In fact, some claims require it. The reason being that one third party firm is more very likely (in the state’s opinion) to generate accurate, non-biased results.
When selecting a consulting agency to do your predominant use study, make sure they have practical experience doing studies in addition to filing for exemptions in your particular state. This will assist to ensure that the process moves smoothly. And of course, get multiple quotes to actually get the best price.
How Much Does A Predominant Use Examine Cost?
A predominant use examine involves collecting information on each and every piece of equipment at your facility. So, the value will be dependent on the size of your facility and the quantity of equipment. Additionally, since the third party consulting firm will need to go your facility, your physical location may be a factor.
Regardless, here are a few pricing instances. If your facility is usually a 20,000 square foot shop and also you’re using a local organization to do the electricity study, your price may be as low as $1,500. If the facility is a 60,000 sq . ft . manufacturing plant, a utility analyze may cost you $2,500-3000. And ultimately, if you’re using an outside the state firm to do a survey on a 250,000 square foot service, it will most likely run you over $5,000.
Got Questions?
To learn more about predominant use studies or utility sales tax exemptions along with refunds, please visit utility study.

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