Sales & Use Tax Principles that Every Government Contractor Should Know [Webinar]
November 25, 2014 - By: SC&H Group
SC&H Group invites you to view a free webinar replay that explores the federal and state court cases that have defined the limits of the States’ ability to tax government contractors.
Whether you are a Fortune 500 or 8(a) contractor, neglecting to understand the proper application of sales tax can have devastating consequences to a contract’s profitability and your bottom line.
During this webinar, you will learn how to identify the many factors that determine the proper application of sales tax to government contracts, including whether goods, services or both are being provided, as well as the impact that specific Federal Acquisition Regulation (FAR) title passage clauses have on taxation.
After viewing this webinar replay, participants will be able to:
- Develop an understanding of the general principles allowing the states to tax the purchases made by government contractors in fulfilling their contractual responsibilities
- Understand what circumstances need to be present in order to allow for exemption from sales tax on the purchases of goods used to fulfill government contracts
- Understand how the presence or absence of certain FAR title passage clauses operate in determining the taxability of goods purchased in the fulfillment of government contracts
- Understand state-specific requirements necessary to sustain claims of exemption from sales tax on the purchase of items used in the fulfillment of government contracts
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