Blank Tennessee Exemption Certificate Template

Blank Tennessee Exemption Certificate Template

The Tennessee Exemption Certificate form serves as an important document that allows certain organizations to make purchases without paying sales or use tax. This certificate is granted by the Tennessee Department of Revenue under specific provisions, enabling organizations to acquire tangible personal property or taxable services for their own use or to give away. Understanding the requirements and proper use of this certificate is crucial for compliance and to avoid potential penalties.

Modify Tennessee Exemption Certificate

The Tennessee Exemption Certificate form is an important document for organizations seeking to make tax-exempt purchases in the state of Tennessee. This certificate allows eligible entities, such as educational institutions and non-profit organizations, to buy tangible personal property or taxable services without incurring sales or use tax. To utilize this exemption, the organization must present a copy of the certificate to suppliers at the time of purchase. The form must be properly completed, and the organization is required to keep the original certificate for their records. Suppliers will also maintain a copy as evidence of the exemption. It is essential for organizations to understand that this authority does not apply to purchases made for resale or items bought with personal funds. Furthermore, if there are any changes to the organization’s status, such as ceasing operations or relocating, the Tennessee Department of Revenue must be notified immediately. The effective date of the current form is July 1, 2007, and it is crucial for authorized representatives to affirm that the purchases will be used or consumed by the organization itself. For further assistance or information, organizations can contact the Taxpayer and Vehicle Services Division of the Tennessee Department of Revenue during business hours.

Dos and Don'ts

When filling out the Tennessee Exemption Certificate form, follow these guidelines:

  • Do ensure that all required fields are completed accurately.
  • Do provide a copy of the exemption certificate to your suppliers.
  • Do retain the original certificate for your records.
  • Do notify the Department of Revenue if your organization changes or ceases to exist.
  • Don't use the exemption certificate for items that will be resold.
  • Don't allow representatives to make personal purchases using the organization's exemption.
  • Don't submit multiple copies for later purchases; one copy is sufficient.
  • Don't forget to include the organization's name and account number on invoices.

Similar forms

The Sales Tax Exemption Certificate is a document similar to the Tennessee Exemption Certificate. This certificate allows qualifying organizations, like non-profits and government entities, to purchase items without paying sales tax. Just like the Tennessee Exemption Certificate, it requires the organization to provide a copy to suppliers and keep the original for their records. It is essential that the purchases are for the organization’s use and not for resale, reinforcing the same principles outlined in the Tennessee form.

The IRS Form 501(c)(3) is another relevant document. This form is used by organizations seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code. Similar to the Tennessee Exemption Certificate, it verifies that an organization is not required to pay certain taxes, allowing it to operate without the burden of tax liabilities. Both documents require the organization to affirm its non-profit status and the intended use of funds or purchases.

The Certificate of Exemption for Sales Tax in New York is also comparable. This document allows certain organizations to purchase goods without paying sales tax. Like the Tennessee Exemption Certificate, the New York version mandates that the organization provide a copy to the seller and keep an original for its records. Both certificates emphasize the importance of using the purchases for the organization’s activities rather than for resale.

The Florida Sales Tax Exemption Certificate serves a similar purpose. This certificate allows qualified entities, such as charities and educational institutions, to make tax-exempt purchases. Just as with the Tennessee Exemption Certificate, it requires the organization to maintain a copy and ensures that the items purchased are for the organization’s use, not for resale.

The Texas Sales and Use Tax Exemption Certificate is another document that shares similarities. It allows eligible organizations to buy items without paying sales tax. Both the Texas and Tennessee certificates require that the organization provide a copy to suppliers and keep an original for their records. They both also stress that purchases must be for the organization’s use or for giving away, not for resale.

The California Resale Certificate is another relevant document. While primarily focused on resale, it allows certain organizations to purchase items without paying sales tax, provided they intend to resell them. This is different from the Tennessee Exemption Certificate, which does not allow for resale. However, both require the organization to provide a copy to suppliers and maintain proper records.

The Non-Profit Organization Tax Exemption Certificate in Illinois is also similar. This certificate allows non-profit organizations to make purchases without sales tax. Like the Tennessee Exemption Certificate, it requires the organization to provide a copy to suppliers and retain the original for its records. Both documents ensure that the purchases are made for the organization’s use and not for resale.

The Ohio Notary Acknowledgement form is a legal document that verifies the identity of individuals signing a document and confirms their willingness to do so. This form plays a crucial role in ensuring that signatures are authentic and that the signers understand the contents of the documents they are endorsing. For more information on this vital document, you can visit Ohio PDF Forms, which offers resources to help navigate the notary process effectively.

The Michigan Sales Tax Exemption Certificate serves a similar function. It allows eligible organizations to buy goods without paying sales tax. Both this certificate and the Tennessee Exemption Certificate require organizations to provide documentation to suppliers and keep a copy for their own records. They both emphasize that purchases should be for the organization’s activities rather than for resale.

Finally, the Virginia Sales and Use Tax Exemption Certificate is comparable as well. It permits qualified organizations to purchase items without incurring sales tax. Like the Tennessee Exemption Certificate, it requires the organization to provide a copy to the seller and maintain an original for its records. Both documents focus on ensuring that the purchases are used for the organization’s purposes, not for resale.

Tennessee Exemption Certificate: Usage Guidelines

Completing the Tennessee Exemption Certificate form is a straightforward process that ensures your organization can make tax-exempt purchases. Follow the steps below carefully to fill out the form correctly.

  1. Obtain the Tennessee Exemption Certificate form. Make sure you have the most current version.
  2. Fill in the supplier's name in the designated space. This is the entity from which you are purchasing goods or services.
  3. Enter the supplier's address, including the city, state, and ZIP code.
  4. Print the name of your organization in the specified area. Ensure that it matches the name registered with the Tennessee Department of Revenue.
  5. Print the name of the purchaser, which should be the authorized representative completing the form.
  6. Sign the form in the space provided for the purchaser’s signature. This confirms the accuracy of the information provided.
  7. Retain the original certificate for your records. Make sure to keep a copy for your files and provide a copy to the supplier.
  8. Review the completed form for any errors before submission. Accuracy is crucial to avoid any issues with tax exemptions.

After completing the form, ensure that all necessary copies are distributed as required. The organization must keep the original for its records, while the supplier should maintain a copy for their files. If your organization changes or ceases to exist, notify the Department of Revenue immediately.

Common mistakes

Filling out the Tennessee Exemption Certificate form can be straightforward, but many individuals make common mistakes that can lead to complications. One frequent error is failing to provide complete and accurate information in the designated fields. Each section of the form must be filled out thoroughly. Omitting details such as the name of the organization or the address can result in delays or rejection of the exemption.

Another mistake often encountered is the misunderstanding of the authority granted by the exemption certificate. Some individuals mistakenly believe that the exemption extends to personal purchases. In reality, the certificate only applies to purchases made on behalf of the organization. Misusing the exemption for personal items can lead to penalties and tax liabilities.

Individuals sometimes neglect to sign the form. The signature of the authorized representative is crucial for validating the exemption. Without this signature, the form may be considered incomplete, causing issues during audits or transactions with suppliers.

Additionally, many fail to retain the original certificate as required. The organization must keep the original document for its records, while suppliers are responsible for maintaining a copy. Not following this protocol can complicate matters if questions arise regarding the legitimacy of the exemption.

Lastly, another common error is not notifying the Tennessee Department of Revenue about changes in the organization's status. If the organization ceases to exist or undergoes significant changes, it is essential to inform the department immediately. Failing to do so can lead to unintended tax obligations or penalties.

Form Attributes

Fact Name Details
Governing Law The Tennessee Exemption Certificate is governed by T.C.A. Section 67-6-322.
Purpose This certificate allows organizations to make tax-exempt purchases of tangible personal property or taxable services for their own use or to give away.
Requirement for Suppliers Organizations must provide suppliers with a copy of the exemption certificate when making purchases.
Retention of Certificate The organization must keep the original exemption certificate for its records, while suppliers maintain a copy as evidence of the exemption.
Subsequent Purchases Additional copies of the exemption certificate are not required for later purchases.
Restrictions This exemption does not apply to purchases made for resale or items purchased with personal funds by representatives of the organization.
Notification Requirement Organizations must notify the Tennessee Department of Revenue if they cease to exist, relocate, or change their structure.
Effective Date The effective date of the exemption certificate is July 1, 2007.

Tennessee Exemption Certificate Example

N0003101

7632128070716

TENNESSEE DEPARTMENT OF REVENUE

Certificate of Exemption

UNIVERSITYOF IOWA

120 JESSUP HALL

IOWA CITY IA 52242-1316

1,1,1".1,1"1.1,1,,1,,1,1,,, 11"11",, 11,11" "1,111,,, "I,ll

July 20, 2007

Account Type: S&U EXEMPT

Account No.: 780016653

Under the provisions of T.CA Section 67-6-322, the organization named above is granted authority from the Tennessee Department of Revenue to make purchases, without payment of the Sales or Use Tax, of tangible personal property or taxable services to be used or consumed by the organization itself or to be given away.

The organization must furnish the suppliers of goods and services with a COPY of this exemption certificate. The lower portion of the certificate must be properly completed. The organization MUST retain the original certificate for copy purposes. The supplier will maintain a file copy as evidence of exemption. Later purchases do not require the submission of additional copies. Invoices must contain the name of the organization and the number given above.

This authority does not extend to purchases made by representatives of the. organization when the items purchased or services rendered are paid for with personal funds. It does not extend to items purchased to be resold.

THE ORGANIZATION MUST NOTIFY THE DEPARTMENT IMMEDIATELY IF IT CEASES TO EXIST, MOVES, OR IN ANY WAY CHANGES THE ORGANIZATION FROM ITS PRESENT FORM.

 

Reagan

Farr

EFFECTIVE DATE July 1, 2007

COMMISSIONER

OF REVENUE

TO BE COMPLETED BY THE ORGANIZATION (please print)

TO: SUPPLIER'S NAME

 

 

 

_

ADDRESS

 

 

 

_

CITY

STATE

_

ZIP

_

I

as

an

authorized

representative of the organization named

above affirm that the purchases made under this authority will be used and consumed by the organization or will be given away. I further affirm that the organization will not use this authority to purchase items for resale.

Under penalty of perjury, I affirm this to be a true and correct statement.

PRINT

NAME OF ORGANIZATION:

_

PRINT

NAME OF PURCHASER:

 

SIGNATURE OF PURCHASER:

_

RV·N0003101

UNIVERSITY OF IOWA 120 JESSUP HALL

IOWA CITY IA 52242-1316

1,1,1"11,1111,1,111111111'11111111'11111,1111111,111111111,11

ASSISTANCE

For additional information, contact the Taxpayer and

Vehicle Services Division in one of our Department of Revenue Offices:

 

Chattanooga

 

Jackson

(423)

634-6266

(731)

423-5747

Suite

350

 

Suite

340

State

Office

Building

Lowell

Thomas Building

540

McCallie

Avenue

225 Martin Luther King Blvd.

 

 

 

Johnson

City

 

Knoxville

(423) 854-5321

 

(865)

594-6100

204 High

Point

Drive

Room 606

 

 

 

 

State

Office

Building

 

 

 

531

Henley

Street

Memphis

 

Nashville

(901)

213-1400

(615) 253-0600

3150

Appling Road

3rd

Floor, AJ

Building

Bartlett

500

Deaderick

Street

www.tennessee.qov/revenue

For additional information or assIstance regarding this notice, you should contact the Department of Revenue. Tennessee residents may use the toll-free

number, 1-800-342-1003. Nashville area and out-of-state callers may call (615)253-0600. Hearing Impaired may call TDD at (615)741-7398. You may call either of these numbers between 8:00 a.m. and 4:30 p.m. (CT), Monday through Friday, holidays excepted. You may direct any correspondence or submit

written information to the following address: Tennessee Department of Revenue, 500 Deaderick Street, Nashville, TN 37242. Please provide your account number and notice number when inquiring about the notice.