Waiver of State General Tax Provisions
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WAIVER OF STATE GENERAL TAX PROVISIONS SOEST Fiscal Training May 7, 2013
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Waiver of State General Tax Provisions. SOESTFiscal Training May 7, 2013. Section 237-26 of HRS Tax Exemption of Scientific Contracts w/the U.S.A. G.E.T. exemption for “scientific work” for purchases made w/federal funds R&D, design, manufacture, instrumentation, installation, etc. - PowerPoint PPT Presentation
Transcript of Waiver of State General Tax Provisions
WAIVER OF STATE GENERAL TAX PROVISIONS
SOEST Fiscal TrainingMay 7, 2013
Section 237-26 of HRSTax Exemption of Scientific Contracts w/the U.S.A.
• G.E.T. exemption for “scientific work” for purchases made w/federal funds– R&D, design, manufacture, instrumentation,
installation, etc.– Maintenance or operation
• Ex. Maintenance/operation including housekeeping functions for certain nonscientific logistic & support services.
– Subcontracts for scientific work– Purchases of tangible personal property
Tax Information Release No. 35-71July 28, 1971
• Broadening the scope of maintenance & operational activities deemed exempt from the tax
• Provides examples to illustrate the circumstances under which a scientific contract would be exempt
Obtaining Tax Exemption
• Two methods for obtaining tax exemption– University makes its own determination– Submit application directly to Dept. of Taxation
University Determination
Dept. of Taxation Determination
Links
APMhttp://www.hawaii.edu/apis/apm/a8200/proc/A8290.pdf
State of Hawaii Department of Taxationhttp://www.state.hi.us/tax/tir/1963_89/tir35-71.pdf
RCUH Tax Exemption Memohttp://help.rcuh.com/@api/deki/files/16/=2-3_tax_exemption_memo_scientific_equipments.doc
