What is a Montana resale tax exemption certificate?

A resale tax exemption certificate is required to rent or purchase a property that falls within this category. It is necessary to have this document in order to rent or purchase such a property.

You may have to report any use taxes if you resell an item you purchased. Similar to sales taxes, use taxes apply when merchandise is brought into your state and used there.

How do I get a Montana resale tax exemption certificate?

When it comes to getting a Montana resale sales tax exemption certificate, there are a few things that vendors need to know. For starters, the vendor does not need to get one from their purchasers- the invoice should already identify the exempt items. The annual resale certification is only valid for items that are exempt from tax based on their use. This means that you can use the certificate to purchase items for personal use and later sell them as part of your business.

An Annual Resale Certificate can be accepted by a selling dealer if it has only one owner and no d/b/a. This type of certificate is valid for any type of transaction (store, e-commerce). In addition, the selling dealer can continue to sell tax-exempt products (for example, on a charge account or cash on delivery basis) to this customer.

The initial certificate will suffice as long as all information is correct. There’s no need for you to send multiple copies. These are the things to remember if you want to obtain a certificate exempting resale tax.